Ryt-way buys Cloud businesses
Ryt-way Industries LLC has acquired from Cloud Holdings LLC the food and beverage contract packaging and equipment manufacturing businesses of Cloud Packaging Solutions consisting of the three companies of Cloud Packaging Services, Cloud Equipment Co. and Toll Packaging Services.
The combination of the four businesses will create one of North America’s leading contract packaging companies with approximately $200 million of combined revenues across six facilities, and long-term relationships with many of North America’s leading consumer packaged goods food companies. Following the acquisitions, Ryt-way will offer its customers a broad suite of packaging options, technological advantages, and category expertise for the packaging of a broad number of dry foods including cereals, prepared meals, snacks, sweeteners, side dishes, desserts, dried fruit, nutraceuticals, and pet foods.
Ryt-way, headquartered in Lakeville, Minn., is a leading contract packager of dry food products such as ready-to-eat cereals, prepared meals, side dishes, beverages and sweeteners.
Cloud Packaging Services, based in Des Plaines, Ill., is a leader in high-speed, flexible film contract packaging. Cloud Equipment Co., based in Des Plaines, Ill., is the premier manufacturer of high-speed packaging equipment for packet, pouch, and thermoforming applications. Toll Packaging, based in Gibson City, Ill., is a leader in mid-speed, flexible packaging systems for both pet and human foods. All three companies serve leading consumer packaged goods companies.