Duravant LLC, a global provider of engineering equipment and automation solutions for the food processing, packaging and materials handling industries, announced today that it has reached 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 based in Des Plaines, Illinois. The addition of Cloud's proprietary rotary soluble pod equipment and ultra-high-speed packaging, bag and pouch machines to the Duravant portfolio expands Duravant's reach into new markets. Along with its Mespack brand of solid equipment technologies for stand-up pouches and stick-type containers, Duravant has the most innovative offering of flexible packaging machinery available in the industry. The robustness of this acquisition allows for an aligned market strategy that will benefit clients with an expanded set of value-added solutions.

Cloud is a technology and speed leader in flexible filling and packaging solutions with an 80-year history of innovation. The Cloud Performa line is the industry standard for the production of sweetener packets, and the Cloud Hydroforma line dominates the rotary sector for soluble pods. Recognized worldwide for excellent engineering, container control, and local field service support, Cloud's customer base spans North America, Europe, and Asia.

"I couldn't imagine an addition that more complements the Duravant family of operating companies," said Mike Kachmer, Duravant president and CEO. "The Cloud equipment portfolio aligns perfectly with Mespack's product solutions. The renowned Cloud service team together with our SupportPro technicians means more people are available to service Duravant's flexible bag teams. From multinational CPG companies to Regional contract packers have a suitable best-in-class solution through Duravant, "he adds.

Hearthside acquired Cloud through the purchase of Ryt-way Foods in 2013. As part of Hearthside, Cloud has continued an aggressive research and development agenda as it expands its core product lines and increases its revenue year over year.

"Cloud has continued to thrive as part of Hearthside, and we will continue to be a Cloud Teams customer," said Chuck Metzger, CEO of Hearthside. "Today's intensive global automation market is very competitive. We believe that the continued growth and success of Cloud as part of Duravant will allow them to continue to innovate and create new value for global food and CPG brands," he concludes.

About Duravant

Headquartered in Downers Grove, Illinois, Duravant is a global engineering equipment company with manufacturing, sales and service facilities in North America, Europe and Asia. Through its portfolio of operating companies, Duravant offers trusted and comprehensive process solutions for customers and partners through its expertise in engineering and integration, project management and operational excellence. Thanks to their worldwide sales and service distribution networks, they provide immediate and ongoing after-sales support to all markets serving the food processing, packaging and material handling industries. Duravant's leading market brands are synonymous with innovation, durability and reliability. For more information visitwww.duravant.com .

About Hearthside

Headquartered in Downers Grove, Illinois, Hearthside is a leading provider of bakery products, snack and functional bars, frozen packaged foods, refrigerated meal kits, snacks, and custom packaging solutions, and a supplier of choice to leading food companies. global foods and emerging high-growth brands in North America and Europe. Hearthside is a portfolio company of subsidiaries 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, Illinois, Cloud is a leading manufacturer of high speed horizontal flexible packaging equipment. Founded in 1929, Cloud has long been recognized for excellence in engineering and design innovation. A leader in speed and performance in multiple packaging categories, Cloud machines dominate the sweetener, packet, flat bag and sachet markets. The company's patented rotary soluble pod kit is the preferred solution for both liquid and dry soluble pod applications. Cloud ships and services and supports machines on a global scale. In this year 2020, the company has launched two new families of horizontal dry filling machines. More information about Cloud at cloudeg.com .

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Contacts
Duravant Media Contact:
Eleni Yianas
Vice President of Marketing
630.635.3914
Eleni.Yianas@duravant.com

Hearthside Media Contact:
Carl Melville
630-426-9756
Carl.Melville@MelvilleGroup.com

 

Source: businesswire.com

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