NETHERLANDS – Berlin Packaging has secured a deal to acquire Novio Packaging’s northern European plastic and glass business for an undisclosed sum.
The deal will significantly strengthen Berlin Packaging’s European plastic offering and enhances its expertise packaging industry as well as expands its northern European footprint.
Berlin Packaging’s European companies are comprised of specialty glass market leader Bruni Glass, closure experts Bruni Erben, and four other companies acquired this year.
The company noted that the addition of Novio Packaging to its existing European companies creates a unique packaging supplier “with a full suite of income-boosting services designed to grow customers’ net income.”
Novio Packaging marks Berlin’s 13th overall acquisition since 2010 and fifth in 2019, adding strategic locations throughout Northern and Southern Europe.
Andrew Berlin, Chairman and CEO of Berlin Packaging said, “Acquiring Novio fully solidifies our European positioning, giving us the ability to help customers of all sizes, including multi-national corporations, across all market segments, grow their bottom lines with our packaging products and services.
“It provides tremendous cross-selling opportunities, a robust sales pipeline, and a perfect platform for continued European expansion.”
Paolo Recrosio, CEO of Bruni Glass, a Berlin Packaging Company added; “Having a strong northern European partner provides new avenues for our specialty glass offering for the food, wine, and spirits markets.
“Novio’s expertise in plastics and other key market verticals will significantly expand our southern European operations, benefiting our customers and leading to superior business growth.”
Post-acquisition, Erik Trum and Marck Jansen, the Founders and Managing Directors of Novio Packaging, will continue to serve in their current roles while all Novio Packaging’s employees and locations will be retained.
“We have grown our business from two employees to one of Europe’s leading packaging solution providers,” the founders said.
“By joining forces with a global powerhouse like Berlin Packaging, we are drastically accelerating the business, and this will provide substantial benefits to our customers, suppliers, and employees.
“We are confident that our existing customers and suppliers truly will benefit from Berlin’s broader product offering, geographical reach, and the combined vast packaging knowledge and experience the combination offers.”
The transaction is subject to customary closing conditions and is expected to be completed in December this year.
With several offices across northern Europe and approximately 160 employees, Novio Packaging has an impressive organic and acquisitive growth track record, including completing four acquisitions in the past two years.
Berlin Packaging is a US$2.6 billion global supplier of rigid packaging products.
Its recent rapid expansion broadens the company’s global reach, which includes over 1,300 employees in more than 130 locations in North America, and operations in nine European countries, China, and South Africa.