Chicago-based packaging distributor and manufacturer Berlin Packaging LLC is expanding through acquisition again, this time buying a Canadian company that specializes in packaging for the cannabis sector.
Berlin announced June 28 that it has purchased Markham, Ontario-based Cannasupplies, formerly a division of PharmaSystems Inc. Terms were not disclosed.
Cannasupplies will operate as a division of Consolidated Bottle Corp., the Canadian packaging supplier Berlin Packaging acquired in November 2020. All Cannasupplies employees and locations will be retained, according to Berlin's news release.
"Acquiring Cannasupplies positions Berlin Packaging to capitalize on the incredible opportunities in this rapidly growing industry, not only in Canada, but across the United States, as more states permit medical and recreational cannabis use," Bill Hayes, CEO and president of Berlin Packaging, said in the release. "Cannasupplies shares our entrepreneurial mindset, our drive for constant growth, and our commitment to compliant packaging solutions for our valued customers."
Berlin Packaging distributes glass, plastic and metal containers sourced from more than 900 suppliers. While primarily a distributor, the company has plastics molding assets in Canada, through its November acquisition of Consolidated Bottle, and in Europe, through its 2019 acquisition of Dutch rigid packaging major Novio Packaging Group BV.
Private equity firm Oak Hill Capital Partners owns a majority of Berlin Packaging.