Berlin Packaging buys Continental Packaging Solutions
Berlin Packaging, a leading supplier of plastic, glass, and metal containers and closures, has announced the acquisition of Chicago-based Continental Packaging Solutions.
The company says the transaction is designed to expand the resources available to customers for fast and expert service and cost-effective rigid packaging. The acquisition will increase the number of Berlin Packaging sales and warehouse locations in North America to more than 70.
According to the company, it will provide an expanded array of services to Continental’s customers, including custom packaging and graphic design, capital lending, and consulting services. The acquisition will also augment Berlin Packaging’s on-the-ground Asian sourcing capabilities with the addition of Continental’s full-time staff in mainland China.
The transaction marks Berlin Packaging’s second acquisition in 10 months, following the March 2010 acquisition of Pittsburgh-based All-Pak.
“Our company and Continental Packaging Solutions value a similar full-service approach to assisting customers, work with many of the same suppliers, and have complementary geographic coverage,” says Andrew Berlin, chairman and CEO of Berlin Packaging. “This is a strategic acquisition that extends our geographic reach, expands our network of packaging experts, and advances our mission of helping customers increase their net income by optimising their packaging costs, operations efficiency, and shelf impact.”
Berlin Packaging, founded in 1898, is one of North America’s largest stocking suppliers of rigid packaging products. In 2011, Berlin Packaging expects to exceed $600 million in revenue. Berlin Packaging is majority-owned by Investcorp, an alternative investment management firm.
Continental Packaging Solutions was founded in 1936 as Continental Glass Company, initially supplying glass bottles to beverage companies including Pepsi Cola, 7-Up, Dr Pepper, and Jim Beam.
“Merging with Berlin Packaging makes sense given our similar business models and shared emphasis on personal service to help customers drive growth and profits,” adds Mark Giesen, CEO of Continental Packaging Solutions. “It’s an ideal match that will ensure a seamless transition for all parties.”
The acquisition was completed on December 14, 2010. All Continental sales and warehouse locations will be rebranded with the Berlin Packaging name.