US-based hybrid packaging supplier Berlin Packaging has completed its acquisition of the Le Parfait business and brands from O-I France.
The acquisition follows a binding agreement signed by the companies in October last year. The financial terms of the deal have not been disclosed.
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Le Parfait supplies glass jars and lids produced by O-I France and its subsidiaries at manufacturing plants in Sevilla, Spain, and Puy-Guillaume, France.
The jars are used to preserve homemade foods such as jams, preserves, honey and terrines.
They are designed to have long lifespans and are fitted with recycled and natural rubber seals to ensure their sustainability.
With this acquisition, Berlin Packaging intends to bolster its position as a supplier of glass containers in the business-to-business (B2B) market.
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By GlobalDataThe company also expects to increase its market share in the business-to-consumer (B2C) segment.
Berlin Packaging Europe, Middle East and Africa (EMEA) CEO Paolo Recrosio said: “Today, we completed the acquisition of the Le Parfait brand, further reinforcing our leadership in the B2B premium glass packaging market and bringing exciting new opportunities in the consumer market.”
Under a long-term supply agreement with Berlin Packaging France, O-I France and its affiliates will continue to produce the Le Parfait glass jars and lids to ensure product supply continuity.
Berlin Packaging president and global CEO Bill Hayes said: “Throughout our rapid expansion in Europe, we have strategically focused on partnerships that bring value to our customers, our suppliers and our people.
“As we grow the business, we intend to continue the proud ‘Made in France’ tradition of the Le Parfait brand.”
Berlin Packaging has closed 19 acquisitions in the EMEA region since 2016.
Earlier this month, the company acquired Premi, a global packaging supplier for the cosmetic and beauty industries, for an undisclosed sum.
