Berry Buys Bag Maker
EVANSVILLE - Evansville-based Berry Global Group Inc. has completed the acquisition of a Massachusetts-based plastic bag and film manufacturer. The price of the deal is not being disclosed, but Berry Global says Laddawn Inc. possesses a "unique-to-industry" sales e-commerce platform through its website. Laddawn has manufacturing operations in Massachusetts, Georgia, Nevada, Iowa and Texas.
It currently employs 380 and Berry Global says Laddawn's net sales over the last year totaled more than $145 million with "a proven track record in delivering organic growth." Berry Global Chief Executive Officer Tom Salmon says "we are extremely excited with what Laddawn's proven web and mobile sales platforms will bring to our Engineered Materials portfolio, as well as, the possibility to expand these platforms to include other Berry products. We believe Laddawn's highly-technical online capabilities will support immediate growth, via this e-Commerce platform, to assist in quicker customer response times and small order fulfillments for the faster growing small and medium sized customer base. The combined Laddawn and Berry custom film product portfolio will provide a vast range of product offerings to thousands of valued customers further strengthening our core films business."
In March, Berry Global announced $70 million plans to expand its campus in downtown Evansville and add 150 jobs by 2020.