In an effort to expand its European plastic film operations, Clopay Corp. has acquired Bohme Verpackungsfolien GmbH & Co. for about $30 million.
``This provides another base in Europe to expand from,'' said Robert Balemian, president of Griffon Corp., Clopay's parent firm. ``It is our intent to sell our products to the European Community as well as to bring their technology and products to the United States,'' he said in a telephone interview.
Cincinnati-based Clopay is a wholly owned subsidiary of Griffon Corp. Clopay manufactures embossed and laminated specialty plastic films for diapers and medical products.
The German firm, based in Dombuhl, has annual sales of $35 million and will operate as part of Clopay's specialty plastic films business. The firm, which has similar product lines to Clopay, also claims to be a European leader in printed soft packaging for disposable hygienic products.
Clopay plans to add equipment at Bohme's plant to expand its existing product line and to provide capacity for products currently manufactured in the United States, Balemian added. The facility, which employs 140, is running at capacity. In addition, Bohme brings printing capacity to Clopay's operations.
Clopay's other European operation, Finotech, is a joint venture with BBA Group of London. Clopay owns 60 percent of Finotech, which is based in Aschersleben, Germany. That firm makes back sheet for baby diapers and began operations the first of the year.
By year-end, Finotech will have tripled capacity with the addition of two lines and 50-100 employees. Currently, the plant runs one line and employs 50.
Clopay's Plastic Products Co. reported film sales of $164 million for the year ended Sept. 30. Its three facilities are in Nashville, Tenn.; Augusta, Ky.; and Fresno, Calif. The company also has a research and development lab in Cincinnati. Clopay employs 400 in the U.S.
The firm processes polyethylene and polypropylene for the medical, personal-care packaging, construction, consumer products, labels and laminations industries. Its major customer is Procter & Gamble Co. of Cincinnati.
Parent Griffon of Jericho, N.Y., makes residential garage doors and is a supplier of industrial garage doors and other products for the home building and replacement markets. The company also develops and manufactures information and communication systems for government and commercial markets. Griffon reported sales of $770 million for the fiscal year ended Sept. 30.