CHICAGO (May 14, 5:30 p.m. ET) — Container and closures supplier Berlin Packaging LLC has acquired Lerman Container, a packaging distributor based in Naugatuck, Conn.
Terms of the deal, which closed May 14, were not disclosed.
The acquisition will expand Berlin's coverage in the northeast United States and give the company more expertise in the personal care and pharmaceutical industries, the company said in a news release.
Chicago-based Berlin has more than 80 sales and warehouse locations in North America. Lerman has sales and customer service staff based in Connecticut and New Jersey.
Lerman will begin doing businesses as Berlin Packaging.
Following the acquisition, the companies will have combined sales of more than $700 million in 2012, according to the release.
This is Berlin's third acquisition since 2010 and their latest since the company purchased Chicago-based packaging supplier Continental Packaging Solutions Inc. in December 2010.
Berlin is majority owned by Investcorp, an investment management firm based in Manama, Bahrain.