THE WHAT? Berlin Packaging and Novio Packaging have announced that they have agreed for Berlin to acquire Novio. Terms of the deal, Berlin’s fifth purchase this year, were not disclosed.
THE DETAILS The transaction will significantly strengthen Berlin Packaging’s European plastic offering, enhancing its expertise in personal care, pharma and sports nutrition verticals.
“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. “It provides tremendous cross-selling opportunities, a robust sales pipeline, and a perfect platform for continued European expansion.”
THE WHY? Berlin will gain access to Novio’s impressive client base, which includes some of Europe’s largest companies with exclusive designer lines, not to mention get its foot further through the door of the lucrative personal care market and strengthen its European plastic offering.