Berlin Packaging has agreed to acquire Netherlands-based Novio Packaging Group, in a move that ‘completes’ its European offering. The deal will see Novio’s Northern European plastic and glass business join Bruni Glass, Berlin Packaging’s Southern European specialty glass and closure business.
The acquisition will strengthen Berlin Packaging’s European plastic offering, enhance its expertise in personal care, pharmaceutical, food, and sports nutrition verticals, as well as expand its Northern European footprint.
The synergy of companies will combine Bruni Glass’ custom line-up of over 3,000 premium glass SKUs and Novio’s experience of providing packaging solutions for some of Europe’s largest companies and its several offices across Northern Europe, to establish Europe’s ‘first packaging supplier for all markets and substrates’.
“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,” said Andrew Berlin, chairman and CEO of Berlin Packaging.
Paolo Recrosio, CEO of Bruni Glass, a Berlin Packaging Company said:” 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.”
Novio Packaging marks Berlin’s 13th overall acquisition since 2010 and fifth in 2019 as the company has been adding strategic locations throughout Northern and Southern Europe.
Most recently, Berlin Packaging has sealed a deal to acquire glass packaging supplier Vidrimon, which followed its acquisition of Netherlands-based Vincap & Adolfse.
The transaction is subject to customary closing conditions and is expected to be completed in the next 45 days. Novio Packaging’s management team, employees and locations will be retained in the process.
© FoodBev Media Ltd 2020