Berlin Packaging, which serves a wide number of sectors including cosmetics, has been sold to private equity company Oak Hill Capital Partners for $1.43bn.
Berlin Packaging has announced double digit growth in sales and earnings in 2010, which it has put down to team expansion, value added services and high accuracy delivery.
US-based Berlin Packaging has entered into an agreement to acquire fellow packaging supplier All-Pak in a move that will result in combined annual revenues of almost $500m.