Oak Hill Capital Partners (Oak Hill), a private equity firm will acquire Berlin Packaging for $1.43bn.
Berlin Packaging is a North America hybrid packaging supplier of plastic, glass, and metal containers and closures, from Investcorp. The acquisition is managed by chairman and CEO Andrew Berlin.
"We are extremely pleased to be partnering with Oak Hill,” said Berlin.
“It was important to join with a firm that shares the same culture and belief system as Berlin Packaging that is committed to growing our company by offering increased value to our customers, suppliers, and employees.
“I know Oak Hill will be a tremendous partner for us. We would also like to thank Investcorp for their partnership over the last seven years."
Third quarter 2014
Berlin Packaging's services includes structural and brand design, worldwide sourcing, warehousing and logistics, and capital financing.
Tyler Wolfram, managing partner, Oak Hill, said the company was experiencing double-digit growth and targets a large addressable market opportunity.
“We are excited to partner with Andrew Berlin and his talented team to support the company through its next phase of growth, as the company expands organically and through strategic acquisitions,” he said.
The transaction, which is subject to HSR approval and other customary closing conditions, is expected to close in the third quarter of 2014.