Acquisition of Cloud Packaging Solutions
Our attorneys represented Wind Point Partners in the acquisition by one of its portfolio companies, Ryt-way Industries, of the food and beverage and equipment manufacturing businesses of Cloud Packaging Solutions LLC and its wholly owned subsidiary, Toll Packaging Services LLC (together, Cloud).
The Cloud acquisition will add over $50 million of revenue to Ryt-way, bringing total Ryt-way revenue to approximately $200 million. Financial terms of the transaction were not disclosed. Ryt-way is a contract packager of dry food products such as ready-to-eat cereals, prepared meals, side dishes, beverages and sweeteners.