Related topics: Mergers and acquisitions, Packaging
Cloud Packaging Solutions has said the acquisition of Toll Packaging will boost its ability to meet the increased demand for shorter packing runs triggered by the current global economic crisis.
The US-based flexible packaging outfit also said the takeover of Toll would open up new markets and accelerate the firm’s growth. Toll, based in Illinois, is a full service contract packager of food, pharmaceutical and consumer products. Cloud declined to comment on the financial details of the deal.
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