US-headquartered hybrid packaging supplier Berlin Packaging has acquired Coropoulis Packaging, an Athens-based packaging company that supplies closures, corks and glass containers.
The companies have not disclosed the value of this transaction.
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According to Berlin Packaging, this transaction will retain the work locations and employees of Coropoulis.
The acquisition of Coropoulis will help Berlin Packaging expand its capacities in Greece.
Meanwhile, it is further expected to enhance Coropoulis’ existing expertise in the corks and closures market.
Coropoulis president Eugene Coropoulis and CEO Aristos Coropoulis said: “At Coropoulis Packaging, we pride ourselves on offering our customers the best possible products and services, a value we share with Berlin Packaging.
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By GlobalData“Joining companies allows us to provide more products and services to our customers and more opportunities for our people.”
Coropoulis was established in 1893 and has extensive expertise and local market knowledge in providing packaging solutions to various industries.
Apart from its proficiency in closures, corks, and glass packaging, the Greece-based company provides capping and bottling machinery and associated technical support to its relevant customers.
Berlin Packaging CEO Elias Valavanis said: “I am excited to welcome one of Greece’s leading packaging suppliers to the Berlin Packaging family.
“This combination allows us to offer our combined customers an even broader assortment of closures and capping solutions.”
This is the second global acquisition that Berlin Packaging has completed this year.
In October last year, it expanded its footprint in the European market with the acquisition of decorative glass packager StyleGlass.
