Beauty Packaging Staff10.31.19
U.S.-based packaging services provider, Berlin Packaging has signed an agreement to acquire the Netherlands-based Novio Packaging in a bid to expand its footprint in Europe. Under the terms of the deal, Novio’s Northern European plastic and glass business will be added to Berlin Packaging’s Southern European specialty glass and closure business.
The deal provides Berlin Packaging with cross-selling opportunities, a robust sales pipeline and a platform for continued European expansion.
Berlin Packaging chairman and CEO Andrew Berlin said, “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.”
Subject to customary closing conditions, the deal is planned for completion in the next 45 days. Financial details of the deal were not disclosed.
The deal provides Berlin Packaging with cross-selling opportunities, a robust sales pipeline and a platform for continued European expansion.
Berlin Packaging chairman and CEO Andrew Berlin said, “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.”
Subject to customary closing conditions, the deal is planned for completion in the next 45 days. Financial details of the deal were not disclosed.
