Acquisition expands the company’s wine and olive oil offering
MILAN (April 12th 2022) – Berlin Packaging, the world’s largest Hybrid Packaging Supplier, today announced the acquisition of Panvetri, a family-owned glass and metal packaging company for the wine and olive oil industries. Â The company is the world’s largest packaging company.
Founded in 1998 and based in Modugno (Bari), in southern Italy, Panvetri is an important company in the territory in which it operates, mainly Puglia and Basilicata and serves a wide range of wineries, cooperative wineries, oil mills and food producers. In addition to wine and olive oil bottles, the range of Panvetri products includes beer bottles, spirits and sparkling wines, olive oil cans, food jars and closures. With its strong local presence and an established sales team, Berlin Packaging will support Panvetri in expanding its product offering.
“Italy is a key country for the wine and olive oil industry, and the entry of Panvetri in our group will allow us to enrich our presence by significantly strengthening our coverage in southern Italy”, declared Paolo Recrosio, CEO of Berlin Packaging EMEA.
“We are proud to join Berlin Packaging and bring to the company our experience in the markets of southern Italy. We are also eager to expand our product portfolio thanks to the unique designs of Berlin Packaging that will now be available to our customers,” said Alessandro Pantaleo, CEO of Panvetri.
“This acquisition is further evidence of our commitment to growth in Europe. Panvetri strengthens our already strong presence in Italy and consolidates our position as a leader in food and beverage packaging in Italy”, said Bill Hayes, Global CEO of Berlin Packaging.
Panvetri represents the 20th acquisition of Berlin Packaging in EMEA (Europe, Middle East and Africa) since 2016 and the 1st acquisition in EMEA in 2022.
All employees and locations will be maintained.
Berlin Packaging is the largest Hybrid Packaging Supplier® Worldwide specializing in the supply of glass, plastic and metal packaging and closures. The company provides billions of items to customers in every industry every year, along with packaging design, financing, consulting, storage and logistics services. Berlin Packaging brings together the best service providers for production, distribution and increased profitability. Its mission is to grow the economic results of its customers through its packaging products and services.