Berlin Packaging to acquire Italy’s Bruni Glass
Chicago-based Berlin Packaging said the deal will extend its footprint into key European markets for its full line of products, including plastic packaging and closures.
October 12, 2016 by Canadian Plastics
In a bid to expand in European markets, packaging supplier Berlin Packaging is acquiring Italy-based glass packager Bruni Glass.
The terms of the deal have not been disclosed.
In a statement, Chicago-based Berlin Packaging said the deal – which will “extend its footprint into key European markets” for its full line of products, including plastic packaging and closures – will increase sales this year to more than US$1.2 billion through the combined company.
“Combining Berlin and Bruni is an important building block in our quest to be the strongest, broadest, and most customer-centric packaging supplier in the market,” the statement said.
Bruni has offices in Italy, France, Spain, China, Canada, and the U.S., and has annual sales of approximately US$150 million. The company supplies glass packages designed in-house for spirits, wine, food, and gourmet applications.
The transaction is expected to close in the next 45 days.