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Oak Hill Capital, CPP Investments Lead Recapitalization of Berlin Packaging

The Berlin Packaging management team, including Bill Hayes, global CEO and president, will make a significant investment in the company.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Oak Hill Capital and Canada Pension Plan Investment Board (CPP Investments) have entered into a definitive recapitalization agreement with Berlin Packaging L.L.C. to facilitate the next stage of its growth.

The Berlin Packaging management team, including Bill Hayes, global CEO and president, will make a significant investment in the company alongside Oak Hill and CPP Investments. The transaction is expected to be completed by the end of 2021.

Berlin Packaging is a global supplier of packaging products and services across multiple substrates and end-markets, providing customers of all sizes with solutions to meet their business needs. With annual sales approaching US$2.5 billion, Berlin Packaging is the world’s largest Hybrid Packaging Supplier® of glass, plastic, and metal containers and closures.

“We are excited that our relationship with valued investors, Oak Hill and CPP Investments, will continue. We have multiple strategic initiatives underway, including expanding our digital and e-commerce capabilities, increasing our portfolio of sustainable products and solutions, and continuing our track record of accretive acquisitions across the company’s key geographic regions of Americas; Europe, Middle East, and Africa (EMEA); and Asia-Pacific (APAC). This recapitalization will help accelerate all of those important initiatives,” said Hayes.

“We started our partnership with Berlin Packaging back in 2014,” said Brian Cherry, a managing partner at Oak Hill. “The company now operates on four continents and continues to be a best-in-class business. We look forward to continuing our partnership with Bill and his management team and maximizing the sizeable growth opportunities ahead.”

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