Berlin Packaging, a supplier of plastic, glass, and metal containers and closures and a portfolio company of Investcorp, today announced the acquisition Lerman Container. This transaction marks Berlin Packaging’s third strategic acquisition since 2010 when the company acquired Pittsburgh-based All-Pak and Chicago-based Continental Packaging Solutions.
Lerman is a distributor of plastic and glass bottles, plastic and metal closures and dispensing systems and other related packaging products. The company was founded in 1979 and is based in Naugatuck, CT (www.lermancontainer.com).
Berlin Packaging is a stocking supplier of plastic, glass, and metal containers and closures. Berlin Packaging supplies billions of containers and closures, as well as design, labeling, filling, and sourcing services. The company serves national and private-label brands in a multitude of markets including personal care, pharmaceutical and health care, food and beverage, chemical and industrial, veterinary, and laboratory. Revenues are approximately $500 million. The company is based in Chicago, IL and has more than 100 salespeople and over 40 sales and warehouse locations across the United States (www.berlinpackaging.com).
“The closer we can get to customers geographically, the faster we can serve them and the more attention we can give them. This acquisition makes that possible by adding local presence in important markets as well as top packaging talent and deep vertical industry expertise,” said Andrew Berlin, Chairman and CEO of Berlin Packaging. “As always, our goal is to help customers increase their net income by optimizing their packaging costs, operations efficiency, and shelf impact. Bringing the Lerman team into our organization strengthens our ability to do that.”
Investcorp invests in mid-size companies operating in a wide array of industry sectors that have total enterprise values of between $200 million and $1 billion and are located in North America or Western Europe. The group has offices in London, UK and New York, NY (www.investcorp.com).