Cloud Packaging Solutions, a portfolio company of Cameron Holdings, has acquired Toll Packaging Group LLC, a Gibson City, Ill.-based contract packager of food and consumer products. No financial terms were disclosed.
Cloud Packaging Solutions LLC (“Cloud”), a portfolio company of Cameron Holdings Corporation, is pleased to announce the acquisition of Toll Packaging Group, LLC (“Toll Packaging”) located in Gibson City, IL. Toll Packaging is a full service contract packager of food and consumer products. Details of the transaction were not disclosed.
Kevin Fritzmeyer, President of Cloud, commented, “We are extremely pleased to be able to add Toll Packaging to our organization. Toll Packaging’s mid-speed packaging expertise compliments Cloud’s capabilities and opens up significant growth opportunities for both companies.” Gerry Donley, President of Toll Packaging, added, “We are excited to become a part of Cloud. Cloud shares the same commitment to quality and service as Toll Packaging and we believe Cloud will provide the best opportunities for our employees and customers.”
Cloud provides a full range of flexible packaging solutions in the food & nutrition, consumer, industrial, OTC & Rx pharmaceutical and personal care industries. Cloud also designs and manufactures high-speed packaging equipment, developing cutting edge solutions for packaging machinery based on continuous-motion horizontal form-fill-seal (HFFS) technology. Cloud, directly and through its subsidiaries Span Packaging Services, Multi-Pack, Automated Packaging and now Toll Packaging is currently able to provide the following packaging services and solutions; (1) single-use packettes, sachets and pouches containing either towelettes, wipes, liquids, lotions, powders, or tablets, (2) tubes (plastic or laminate) containing creams, pastes and ointments, and (3) rigid containers such as bottles, jars and canisters containing liquids, creams, and non-woven wet and dry wipes.
Cameron Holdings Corporation is a private equity group located in San Diego, California and St. Louis, Missouri that specializes in the acquisition and operation of middle market manufacturing and industrial service companies. Since its beginning in 1978, Cameron has developed a long and successful track record of completing 33 transactions with an aggregate transaction value in excess of $1.0 billion.