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Berlin Packaging acquires Netherlands-based Novio Packaging Group

December 13/2019

MOSCOW (MRC) -- Berlin Packaging has completed the acquisition of Netherlands-based Novio Packaging Group, said Packaging-gateway.

The two companies have signed a definitive agreement for the acquisition in October. The deal strengthens Berlinís operations by positioning it as the first company in Europe that supplies packaging for all markets and substrates.

As part of the deal, Berlin has retained all Novio employees and locations. Novioís founders and managing directors Erik Trum and Marck Jansen will also continue in their roles. As part of the acquisition, Novio Packaging has joined Berlin Packagingís existing European companies.

Berlinís portfolio includes speciality glass market leader Bruni Glass, closure experts Bruni Erben and four different companies.

The combined businesses will own over 130 sales and warehouse locations across North America and Europe. It will also include a portfolio of more than 40,000 glass, plastic, as well as metal container and closure items.

Berlin Packaging board executive chairman Michael Grebe said: ďAs with our company, Novio Packagingís strong performance is a testament to their creative solutions, strong supply chain and emphasis on exceptional customer service.

"By combining the strengths of both companies, this acquisition helps us meet our high growth goals and solidifies our position as the largest, most comprehensive and most customer-focused rigid packaging supplier on two continents."

The deal enables Novio Packagingís customers to use Berlin Packagingís speciality glass expertise, services and design studios.

As MRC informed earlier, INEOS Styrolution has partnered with post-consumer plastics recycling company Agilyx to build a polystyrene (PS) chemical recycling facility in Channahon, Illinois.

As per ICIS-MRC Price Report, Ineos Styrolution"s general purpose polystyrene (GPPS) imports into Russia increased in the first ten months of 2019 by 2 times year on year to 10,600 tonnes. This figure was 4,900 tonnes in January-October 2018. Ineos Styrolution is the largest GPPS supplier to Russia. European material accounted for 45% of the total GPPS shipments over the stated period versus 30% in the first ten months of 2018. However, October Styrolution"s GPPS shipments to the Russian market decreased by more than 2 times to 700 tonnes from 1,500 tonnes a month earlier, the company"s imports into the country were 700 tonnes in October 2018.
Author:Anna Larionova
Tags:PP, PS, PE, packaging.
Category:General News
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