Engineered equipment leader Duravant has signed a definitive agreement to acquire Cloud
November 16, 2020 12:00 PM Eastern Standard Time
DOWNERS GROVE, Ill.–(BUSINESS WIRE)–Duravant LLC (“Duravant”), a global engineering equipment and automation solutions provider to the food processing, packaging and material handling sectors, announced today that it has entered into a definitive agreement to acquire Cloud Packaging Solutions (“Cloud”) from its parent company, Hearthside Food Solutions LLC (“Hearthside”). Cloud is a leading manufacturer of high-speed horizontal flexible packaging equipment headquartered in Des Plaines, IL. The addition of Cloud’s patented rotary soluble pod equipment and ultra-high-speed packet, pouch, and sachet machines to Duravant’s portfolio extends Duravant’s reach into new markets. Coupled with their Mespack brand of robust stand up pouch and stick pack equipment technologies, Duravant has the most innovative offering of flexible packaging machinery available in the industry. The strength of this acquisition enables an aligned market strategy that will benefit customers with an expanded set of value-added solutions.
“Today’s intensive global automation market is highly competitive. We believe Cloud’s continued growth and success as part of Duravant will enable them to continue to innovate, creating new value for global food and CPG brands.”
“I couldn’t imagine a more complementary addition to the Duravant family of operating companies,” said Mike Kachmer, President and CEO of Duravant. “The Cloud equipment portfolio perfectly aligns with Mespack’s product solutions. Cloud’s highly regarded service team coupled with our SupportPro technicians means more feet on the street servicing Duravant flexible pouch equipment. Companies ranging from a multi-national CPG to a regional contract packager have a fit-for-purpose, best-in-class solution available to them through Duravant.”
Hearthside acquired Cloud as part of its 2013 acquisition of Ryt-way Foods. As part of Hearthside, Cloud has continued an aggressive research and development agenda while expanding its core product lines and growing year over year revenue.
“Cloud has continued to thrive as part of Hearthside, and we will continue to be a Cloud equipment customer,” said Chuck Metzger, CEO of Hearthside. “Today’s intensive global automation market is highly competitive. We believe Cloud’s continued growth and success as part of Duravant will enable them to continue to innovate, creating new value for global food and CPG brands.”
Headquartered in Downers Grove, IL, Duravant is a global automation and engineered equipment company with manufacturing, sales, and service facilities throughout North America, Europe, and Asia. Through their portfolio of operating companies, Duravant delivers trusted end-to-end process solutions for customers and partners through engineering and integration expertise, project management and operational excellence. With worldwide sales distribution and SupportPro service network, they provide immediate and lifetime aftermarket support to all the markets they serve in the food processing, packaging and material handling sectors. Duravant’s market-leading brands are synonymous with innovation, durability and reliability. For more information, visit www.duravant.com.
Headquartered in Downers Grove, IL, Hearthside is a leading provider of bakery products, functional and snack bars, frozen packaged food, refrigerated meal kits, snacks and customized packaging solutions, and supplier of choice to premier global food companies and emerging high-growth brands in North America and Europe. Hearthside is a portfolio company of affiliates and investment vehicles managed by Charlesbank Capital Partners LLC and Partners Group (USA) Inc. For more information about Hearthside, visit www.hearthsidefoods.com.
About Cloud Packaging Solutions
Headquartered in Des Plaines, IL, Cloud is a leading manufacturer of high-speed horizontal flexible packaging equipment. Founded in 1929, Cloud has long been recognized for engineering excellence and design innovation. A speed and performance leader in multiple packaging categories, Cloud machines dominate the sweetener, packet, flat pouch, and sachet markets. The company’s patented rotary soluble pod equipment is the preferred solution for both liquid and dry soluble pod applications. Cloud ships and services and supports machines globally. For 2020 the company is introducing two new families of dry horizontal filling machines. More information on Cloud can be found at cloudeg.com.