North American hybrid packaging supplier Berlin Packaging has announced the acquisition of Vivid Packaging, an Ohio-based supplier of rigid packaging that has business in the US, Mexico and Canada.
The acquisition, completed for an undisclosed amount, is Berlin Packaging’s fifth since 2010 and advances a strategic plan from the Chicago-based supplier to double revenues and earnings by 2017. It also strengthens Berlin Packaging’s presence in the Midwest region by adding an office and warehousing in Cleveland, Ohio, and by recruiting Vivid personnel experienced in the food and beverage packaging sector.
Vivid Packaging’s Allan Saltz, who has now joined Berlin Packaging along with his entire team, said: “Vivid Packaging has grown every year since I started the company in 1999, thanks to dedicated employees and a focus on going the extra mile for customers,” said Allan Saltz, who has now joined the Berlin organization along with his entire team. “Uniting with Berlin Packaging is the ideal next step that takes my organization to a whole new level. Customers can still do business with their sales and support team, now operating under the Berlin Packaging umbrella, and now have access to new packaging products and services along with a passion for execution that is unmatched in the industry.”
Berlin Packaging chairman and CEO Andrew Berlin added: “Each of the four acquisitions we made in 2010 and 2012 expanded our geographic footprint as well as the resources and capabilities available to assist customers with growing their bottom lines. This one achieves the same objectives, and we are confident that it will be equally successful because Vivid’s vertical market focus and growth culture fit so well with ours.
“Acquisitions like these along with our continued strong organic growth, which has far outpaced the packaging industry for 20 years, are the core building blocks that will help us meet our goal of doubling in size by 2017.”
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