US-based hybrid packaging company Berlin Packaging has acquired Italian glass and metal packaging supplier Panvetri.
Based in Modugno, Panvetri serves wine estates, cooperative wineries, oil mills and food manufacturers primarily in Italy’s Apulia and Basilicata regions.
In addition to wine and olive oil packaging, the family-owned company supplies beer, spirits and sparkling wine bottles, olive oil cans, food jars and closures.
The acquisition is intended to strengthen Berlin Packaging’s portfolio of wine and olive oil products.
The financial terms of the transaction have not been disclosed.
Berlin Packaging Global CEO Bill Hayes said: “This acquisition is another testament to our commitment to growth in Europe.
“Panvetri strengthens our already robust presence in Italy and furthers our position as a leader in Italian food and beverage packaging.”
Following the acquisition, Berlin Packaging will retain all of Panvetri’s employees and locations.
The company will also aim to help Panvetri expand its product offerings using Berlin Packaging’s local presence and workforce.
Panvetri CEO Alessandro Pantaleo said: “We are proud to join Berlin Packaging and bring our experience in southern Italy to the rest of the company.
“We are also keen to expand our product portfolio with Berlin Packaging’s unique shapes and sizes, which will now be available to our customers.”
Panvetri is the 20th company acquired by Berlin Packaging in Europe, the Middle East and Africa (EMEA) since 2016 and its first acquisition in the region this year.
Last month, Berlin Packaging purchased Canadian glass bottle and closure distributor United Bottles & Packaging in an effort to expand its operations in the Americas.
United Bottles & Packaging supplies bottles and closures for food, alcoholic and non-alcoholic beverages, including packaging for wine, spirits, beer and cider.
The company also has a sustainability programme that collects, disposes of and recycles used beverage containers.