Berlin Packaging (Chicago) has entered into a definative agreement to buy All-Pak, Inc. (Pittsburgh), combining two ISO-certified suppliers of rigid packaging products and services.
The combined company with annual revenues approaching $500 million will provide customers with wider geographic coverage operating in over 40 sales offices and warehouse locations in the US and Puerto Rico.
The transaction “unites two highly complementary businesses and will enable us to continue to unlock value for our customers, suppliers and employees,” said Andrew Berlin, Berlin Packaging chairman and ceo.
Berlin said the transaction will enhance the company’s ability to realize faster growth, lower system costs, and improve productivity. As the company provides a broader network of expertise, customers will be offered an expanded array of services including custom package design, international sourcing, capital lending, supply chain optimization, inventory management, and assembly.
The combined firm will be headquartered in Chicago, with All-Pak maintaining significant operational presence at all of its geographic locations, the company said.