Berlin Packaging, a supplier of packaging solutions, has finalised the acquisition of Rixius, a German rigid packaging solutions provider.
In November last year, Berlin Packaging reached an agreement to acquire Rixius.
Under the terms of the agreement, private equity company BWK, a significant shareholder in Rixius since 2007, agreed to exit its investment once the sale to Berlin Packaging was finalised.
Established in 1879, Rixius has evolved from a traditional packaging wholesaler to a value-added supply partner.
The company offers its products to the chemical, pharmaceutical, cosmetics, as well as food and beverage markets across the DACH and Benelux regions.
DACH refers to the group of countries comprising Germany, Austria, and Switzerland, whereas Benelux denotes the economic union of Belgium, the Netherlands, and Luxembourg.
Berlin Packaging Europe, the Middle East and Africa (EMEA) Northern Region senior vice-president Marcel Schröder said: “Today, we completed the acquisition of Rixius, further reinforcing our position in EMEA. I am excited for the new opportunities this partnership will create for both our companies.”
The deal is expected to bolster Berlin Packaging’s footprint in Germany and expand its industrial packaging offering.
Rixius CEO Wolfgang Luckhardt said: “Rixius has grown consistently over the past years and now we are starting a new chapter. Our team and I look forward to working with Berlin Packaging and to further expanding our business.”
In September last year, Berlin Packaging introduced its new ‘1Berlin Shared Ownership Programme’.
This programme provided its global employees at all levels with an ownership stake in the company. The initiative required no financial contribution from the employees.
