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Berlin Packaging sold to Oak Hill Capital for US$1.43 billion

Private-equity firm Oak Hill Capital Partners has reached a deal to acquire rigid packaging supplier Berlin Packaging LLC from owner Investcorp for US$1.43 billion including debt.


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August 25, 2014 by Canadian Plastics

Private-equity firm Oak Hill Capital Partners has reached a deal to acquire rigid packaging supplier Berlin Packaging LLC from owner Investcorp for US$1.43 billion including debt.

Chicago-based Berlin Packaging, founded in 1898, makes rigid plastic, glass and metal containers. The company has annual revenue of about US$800 million, according to its website.

The transaction is expected to close in the third quarter of 2014.

Berlin Packaging has been led since 1989 by Andrew Berlin, who in addition to being the company’s current chairman and chief executive is also a limited partner of the Chicago White Sox baseball team.

“The transaction is representative of Oak Hill’s theme-based investment approach and long history of partnering with world-class entrepreneurs and management teams,” Tyler Wolfram, managing partner at Oak Hill, said in a statement.