THE WHAT? Berlin Packaging has announced the acquisition of Raepak Limited for an undisclosed sum.
THE DETAILS All of the UK-based supplier of plastic packaging for the cosmetics and personal care industry’s employees and locations will be retained. The acquisition is Berlin Packaging’s 14th since 2016.
“Raepak has experienced incredible growth over the last several years,” said Andrew Paterson, Managing Director of Raepak. “We are thrilled to be joining Berlin Packaging and believe strongly this will benefit our employees, customers, and suppliers.”
THE WHY? Paolo Recrosio, CEO of Berlin Packaging Europe, noted, “The acquisition of Raepak will enable Berlin Packaging to further extend its offering in the cosmetics and personal care sectors. Raepak has strong customer and supplier relationships and deep experience in the UK beauty sector, which will create significant business opportunities for our group.”