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The transaction marks Berlin Packaging’s second acquisition in ten months.
December 16, 2010
By: Jamie Matusow
Editor-in-Chief
Berlin Packaging, a full-service supplier of plastic, glass, and metal containers and closures, has announced the acquisition of Chicago-based Continental Packaging Solutions, in a transaction designed to expand the resources available to customers for fast and expert service and cost-effective rigid packaging. The acquisition increases the number of Berlin Packaging sales and warehouse locations in North America to more than 70, putting more resources closer to customers in key geographic markets for enhanced customer service. In addition, the move will provide an expanded array of services to Continental’s customers, including custom packaging and graphic design, capital lending, and consulting services. The acquisition also gives the two companies’ joint suppliers easier access to customers and prospects by consolidating sales leads, new product news, and other communications under the Berlin Packaging umbrella. It also augments Berlin Packaging’s on-the-ground Asian sourcing capabilities with the addition of Continental’s full-time staff in mainland China. The transaction marks Berlin Packaging’s second acquisition in ten months, following the March 2010 acquisition of Pittsburgh-based All-Pak, Inc. “Our company and Continental Packaging Solutions value a similar full-service approach to assisting customers, work with many of the same suppliers, and have complementary geographic coverage,” says Andrew T. Berlin, chairman and CEO of Berlin Packaging. “This is a strategic acquisition that extends our geographic reach, expands our network of packaging experts, and advances our mission of helping customers increase their net income by optimizing their packaging costs, operations efficiency, and shelf impact.” “Merging with Berlin Packaging makes sense given our similar business models and shared emphasis on personal service to help customers drive growth and profits,” says Mark Giesen, CEO of Continental Packaging Solutions. “It’s an ideal match that will ensure a seamless transition for all parties.” The acquisition closed on December 14, 2010. All Continental sales and warehouse locations will be rebranded with the Berlin Packaging name.
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