Private equity firm buys Berlin Packaging

By Don Loepp
Editor

Published: August 25, 2014 11:36 am ET
Updated: August 25, 2014 11:39 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, United States, Mexico, Canada

Private equity firm Oak Hill Capital Partners plans to buy rigid packaging distributor Berlin Packaging LLC for $1.43 billion.

Berlin Packaging is based in Chicago and was founded in 1898. The company has more than 90 North American sales and warehouse locations. It supplies plastic, metal and glass containers and closures.

The current majority owner of Berlin is investment management firm Investcorp of Manama, Bahrain. Kevin Nickelberry, managing director at Investcorp, said that under his firm’s ownership in the past seven years, Berlin Packaging has improved its profitability and executed several acquisitions.

New York-based Oak Hill said Berlin’s current management team, including Chairman and CEO Andrew Berlin, will invest in Berlin Packaging. The deal is scheduled to close in the third quarter.

Brian Cherry, partner at Oak Hill, called Berlin Packaging “a juggernaut that already grows multiple times faster than the packaging industry.”

Berlin Packaging’s services include design, worldwide sourcing, warehousing and logistics, and capital financing.


Comments

Private equity firm buys Berlin Packaging

By Don Loepp
Editor

Published: August 25, 2014 11:36 am ET
Updated: August 25, 2014 11:39 am ET

Post Your Comments


Back to story


More stories

Image

Sipa buys Automa's PET bottle machinery business

November 28, 2014 10:02 am ET

Sipa SpA has acquired the injection-stretch-blow molding (ISBM) equipment business of Automa SpA. No transaction price was disclosed in the...    More

Image

Wipak opens flexible packaging factory in China

November 28, 2014 9:58 am ET

Wihuri Packaging Oy has opened a new flexible packaging plant in Changshu, China.    More

New liquid colorants for PET packaging released

November 28, 2014 6:00 am ET

PolyOne Corp. has launched a line of new liquid colorants for PET packaging in personal care and cosmetic products.    More

Image

RPC Group buying Iceland's Promens

November 27, 2014 8:46 am ET

In a major acquisition that combines two rigid packaging companies with international footprints, RPC Group plc has signed a 399 million euro ($497...    More

Image

Large part molder EnviroTech in 'growth mode,' adds space, equipment

November 26, 2014 9:54 am ET

Salt Lake City-based EnviroTech Molded Products Inc. is adding new equipment and expanding its factory as it gains business in some of its traditional...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events