Berlin Packaging crosses $1 billion annual revenue mark
Chicago-based company logs double-digit increase in 2015
July 12, 2016 by Canadian Plastics
North American hybrid packaging supplier Berlin Packaging crossed the $1 billion milestone in annual revenues in 2015.
The Chicago-based company attributes this achievement to double-digit organic growth and two strategic acquisitions.
“Berlin Packaging is on a mission. Reaching the billion-dollar mark is not the fulfillment of that mission, but rather a result of our never-ending focus on the behaviors that create the best supply partner in the packaging industry,” Andrew Berlin, chairman and CEO of Berlin Packaging, said in a statement. “Our ‘Greater, Faster’ company culture governs everything we do at Berlin. These recent results prove that we are being transformative for our employees, our suppliers, and our customers.”
Studio One Eleven, Berlin’s packaging design and innovation team, has been an important contributor to the company’s overall success, the statement continued. “In 2015, the Studio’s customer product launches grew 33% over the prior year, consistent with the division’s average annual growth rate of 30% since 2007,” the statement said. “2015 marked the thirteenth consecutive year of record-breaking revenues for Studio One Eleven.”
Berlin Packaging added 45 new sales representatives and 50 support personnel as part of 134 new employees taken on overall in the last 12 months, the company said.
Berlin Packaging was founded in 1988.