Vivid Packaging is an Ohio-based supplier of rigid packaging that does business in 25 states, Canada and Mexico.
The transaction is Berlin Packaging's fifth since 2010 and advances a strategic plan to double revenues and earnings by 2017.
It strengthens Berlin Packaging's presence in the Midwest by adding an office and warehouses in Cleveland.
Allan Saltz, who joined the Berlin organization along with his team, said Vivid Packaging had grown every year since starting the company in 1999.
"Customers can still do business with their sales and support team, now operating under the Berlin Packaging umbrella, and now have access to new packaging products and services along with a passion for execution that is unmatched in the industry."
Andrew Berlin, chairman and CEO of Berlin Packaging, said acquisitions like these and strong organic growth are the core building blocks to meet the goal of doubling in size by 2017.
"Each of the four acquisitions we made in 2010 and 2012 expanded our geographic footprint as well as the resources and capabilities available to assist customers with growing their bottom lines.”
Berlin Packaging previously acquired Pittsburgh-based All-Pak, Chicago-based Continental Packaging Solutions, Connecticut-based Lerman Container, and California-based United States Container Corporation (USCC).
O-I deal cleared
Meanwhile, Owens-Illinois (O-I) has completed the acquisition of the Vitro food and beverage glass container business from Vitro, S.A.B. de C.V. in a deal valued at $2.15bn.
The transaction includes Vitro's five food and beverage glass container sites in Mexico, a plant in Bolivia and the food and beverage business of Vitro Packaging, its North American distribution business based in Plano, Texas, which employ nearly 6,000 people.
Vitro claims to be the largest supplier of glass containers in Mexico and manufactures glass containers across end uses, including food, soft drinks, beer, wine and spirits.