Rigid packaging supplier Berlin Packaging (Chicago) has acquired California-based Diablo Valley Packaging, making it the company’s second acquisition in three months and sixth since 2010. The recent purchase will expand Berlin’s footprint in California and the Pacific Northwest in order to better serve the food, beverage, and wine & spirits markets, as well as add $125 million in annual sales in the process. In addtion to plastic containers, Diablo also produces supplies glass containers and closures.
“Joining forces with Berlin Packaging aligns Diablo with a nimble innovator in the packaging space while also expanding opportunities for our employees, customers and suppliers,” said Peter Reno, CEO of Diablo Valley Packaging. “This is a case of getting bigger and better, accelerating our growth as well as Berlin’s, and building a stronger company that can serve the widest possible range of packaging needs.”
Both acquisitions this year are part of an initiative to double Berlin’s revenues and earnings by 2017 through both organic growth and strategic purchases. All of Diablo Valley Packaging’s managers and front-line personnel will be retained, creating an organization with more than 650 employees, $1 billion in annual sales.
“Diablo Valley Packaging and Berlin Packaging have both achieved double-digit growth over the last few years in an industry where low single-digit growth is the norm. As with our company, Diablo’s strong performance is a testament to their creative solutions, strong supply chain, and emphasis on exceptional customer service,” said Andrew Berlin, Chairman and CEO of Berlin Packaging. “By combining the strengths of both companies, this acquisition helps us meet our high growth goals and solidifies our position as the industry’s largest, most comprehensive, and most customer-focused rigid packaging supplier.”
The Diablo Valley Packaging purchase closed on November 10. Berlin Packaging previously acquired Pittsburgh-based All-Pak, Chicago-based Continental Packaging Solutions, Connecticut-based Lerman Container, and California-based United States Container Corporation as well as Ohio-based Vivid Packaging.
