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Ryt-way's acquisition: Consolidation is reawakening in contract packaging

The consolidation of the contract packaging industry appears to have fresh legs.

Ryt-wayCloud Packaging SolutionsToll Packaging Services

The deal, valued at $200 million, comes months after Cloud Packaging Solutions had acquired Toll Packaging, Gibson City, IL, in December 2009, in part as a response to consumer packaged goods (CPG) companies’ demand for shorter packaging runs.

Benjamin Gordon, managing partner of BG Strategic Advisors, has arranged merger and acquisition deals in the contract packaging industry, and he says Ryt-way’s announcement signals that consolidation will accelerate. “In the last several years, we’ve seen the sale of Wilpak to Jacobson, the sale of Power to Excel, the sale of Toll to Cloud, and now the sale of Cloud to Ryt-way. In our view, we are in the early innings of a major consolidation that will result in a small number of big winners,” Gordon tells Contract Packaging magazine. In many of the deals, contract packaging is merging with contract logistics—to the benefit of CPG companies as they tighten their supply chains.

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