Berlin Packaging has closed a deal to acquire Italian packaging supplier Vetroservice for an undisclosed value, as it continues its European expansion.
Vetroservice supplies glass packaging for the food and beverage markets, with extensive experience in packaging for the olive oil, balsamic vinegar and wine sectors. Vetroservice’s background as well as its strategic central location in Italy, will enhance Berlin Packaging’s offerings to European customers.
Berlin Packaging is a supplier of glass, plastic, and metal containers and closures to companies in the beverage, food, pharmaceutical and household sectors.
Berlin Packaging operates in Europe through its Bruni Glass division, headquartered in Milan, Italy and its Bruni Erben division, head-quartered in Hadleigh, England. Customers and suppliers of both companies are expected to benefit from the combined operations.
As part of the exchange, Vetroservice customers will have access to Berlin Packaging’s stock keeping units (more than 40,000), design and innovation centres, quality consulting and capital lending service.
With integration planning of the two business under way, the combined company will include over 200 sales staff members.
“Having acquired two important European suppliers in the past two months and with more acquisitions in the works, we are well positioned to provide bottom line growth to customers around the world,” said Andrew Berlin, chairman and CEO of Berlin Packaging.
“Like Berlin Packaging, Vetroservice has a long and storied history and over a hundred years’ experience thrilling customers and revolutionising the packaging business.”
Paolo Recrosio, CEO of Bruni Glass said: “The Vetroservice acquisition will strengthen our business proposition and support our growth across Italy.
“With our unparalleled European offering and our deep experience, especially in the food, wine, and spirits verticals, we can continue to grow our company, and more important, help our customers be more profitable.”
The recent purchase marks Berlin Packaging’s 11th overall acquisition since 2010, the fifth in Europe since 2016, and the third in 2019.
Most recently, the packaging supplier acquired Netherlands-based Vincap & Adolfse, another investment that will expanding its European presence.
© FoodBev Media Ltd 2019