Berlin buys rival Freund

Published: April 21, 2003 6:00 am ET

Related to this story

Topics In Print
Companies & Associations

No. 2 has become No. 1.

Rigid packaging manufacturer Berlin Packaging LLC now claims to be the nation's leader in packaging catalog sales, with its acquisition of Freund Container Inc., previous holder of the top spot. Terms of the Feb. 4 acquisition were not disclosed.

Berlin Packaging is touted as the largest U.S. stocking supplier of plastic, glass, and metal containers and closures, with sales of $200 million.

Andrew Berlin, Berlin Packaging's chief executive officer, said similarities between the firms helped lead to the acquisition.

``It's just a natural fit,'' he said. ``We share the same suppliers, the same business model. We're both in Chicago so we share the same culture.''

Another factor was the retirement of Freund Container's owner Kenneth Freund.

``It was a great exit strategy for him,'' Berlin said.

Freund Container officials could not be reached for comment.

According to a news release, Freund mails more than 1 million catalogs annually to a variety of industries. Combined, the two companies claim to control more than 30 percent of the packaging catalog business.

All 45 of family-owned Freund Container's employees will be retained, Berlin said. Berlin Packaging employs more than 200, he said.

Berlin operates 20 facilities in the United States and Freund operates one, he said.


Comments

Berlin buys rival Freund

Published: April 21, 2003 6:00 am ET

Post Your Comments


Back to story

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events