Ryt-way Industries Completes Acquisition of Cloud

Ryt-way Industries LLC ("Ryt-way") 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 PS"), Cloud Equipment Company and Toll Packaging Services ("Toll").

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Jul 13th, 2010

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.

David Finch, CEO of Ryt-way, said, “By bringing these companies together we will be better positioned to offer each of our customers more comprehensive solutions in contract packaging, new product commercialization, and innovation. Each company brings to the table a strong set of competencies, excellent people, and proven industry know-how. Each is a respected leader in their industry segment.”

http://www.rytway.com

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