Berlin Packaging agrees to buy Verrerie Calvet in France

5 April 2019 (Last Updated April 5th, 2019 12:22)

Berlin Packaging has agreed to purchase France-based packaging supplier Verrerie Calvet as part of its European expansion efforts.

Berlin Packaging agrees to buy Verrerie Calvet in France
Verrerie Calvet offers glass bottles, jars, metal containers, and closures for wine, spirits, and more. Credit: Chris Yarzab / Flickr.

Berlin Packaging has agreed to purchase France-based packaging supplier Verrerie Calvet as part of its European expansion efforts.

Financial details of the deal remain undisclosed.

Verrerie Calvet offers packaging solutions such as glass bottles, jars, metal containers, closures, speciality boxes and bags for a range of products, including wine, spirits, olive oil, gourmet seasonings, marinades and sauces.

The company offered services to more than 1,700 companies in France and across Europe last year.

The transaction marks the ninth global acquisition for Berlin since 2010 and the third in Europe since 2016.

Bruni Glass operates Berlin Packaging’s business in Europe, which also has locations and warehouses across Italy, France, and Spain.

Berlin also operates its business through Bruni Erben division covering England, Scotland, and South Africa.

Following the completion of the transaction, Verrerie Calvet will be integrated into Bruni Glass. A team of Bruni Glass, based in France, will run the combined entity.

Bruni Glass managing director Paolo Recrosio said: “Joining with Verrerie Calvet strengthens our enterprise in France and across Europe.

“Operations in France have grown at double-digit rates every year and now I expect even better things for our future together.”

“The team is talented and the product and service offerings are excellent. Our operations in France have grown at double-digit rates every year and now I expect even better things for our future together.”

Berlin Packaging, Bruni Glass, and Bruni Erben customers will access the product portfolio of Verrerie Calvet, which will be able to offer its customers access to the products and services of Berlin and Bruni.

The company is currently planning the integration while the transaction is expected to close in the following weeks.

In November, Berlin Packaging signed a definitive recapitalisation agreement with private equity firm Oak Hill Capital Partners and Canada Pension Plan Investment Board (CPPIB) to secure $500m investment from CPPIB.