Duravant to buy Des Plaines food packaging company
DOWNERS GROVE - Duravant LLC Monday said it has entered into a definitive agreement to acquire Des Plaines-based Cloud Packaging Solutions from its parent company, Hearthside Food Solutions LLC. Terms of the deal were not disclosed.
Downers Grove-based Duravant is an engineering equipment and automation solutions provider to the food processing, packaging and material handling sectors, while Cloud Packaging makes high-speed horizontal flexible packaging equipment.
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, the company said.
"I couldn't imagine a more complementary addition to the Duravant family of operating companies," said Mike Kachmer, president and CEO of Duravant.
Hearthside, also based in Downers Grove, acquired Cloud as part of its 2013 acquisition of Ryt-way Foods.