US-based Berlin Packaging has acquired Vivid Packaging, an Ohio-based supplier of rigid packaging with a reach of 25 US states, Canada and Mexico.
The transaction is Berlin Packaging’s fifth acquisition since 2010, making the company the largest US packaging supplier in its class, and advances a strategic plan designed to double revenues and earnings by 2017.
The acquisition strengthens Berlin Packaging’s presence in the Midwest by adding an office and warehouses in Cleveland.
It also expands Berlin’s team with Vivid personnel skilled in food and beverage, personal and pet care, industrial and household chemicals, and healthcare packaging.
With the addition of Vivid Packaging’s employees and locations in Cleveland, Berlin has more than 600 team members and 90 sales offices and warehouse locations.
Vivid adds more than 1,000 customers and prospective customers to Berlin’s database of qualified packaging buyers, helping suppliers land new business and grow sales.
“Each of the four acquisitions we made in 2010 and 2012 expanded our geographic footprint as well as the resources and capabilities available to assist customers with growing their bottom lines,” said Andrew Berlin, chairman and CEO of Berlin Packaging.
“Acquisitions like these along with our continued strong organic growth, which has far outpaced the packaging industry for 20 years, are the core building blocks that will help us meet our goal of doubling in size by 2017.”
The Vivid Packaging transaction closed on August 31, 2015.
Berlin Packaging previously acquired Pittsburgh-based All-Pak, Chicago-based Continental Packaging Solutions, Connecticut-based Lerman Container, and California-based United States Container Corporation.