berlin packaging has acquired panvetri, a family provider of glass and metal containers for the wine and olive oil industries.
Founded in 1998 and headquartered in Modugno (Bari), in southern Italy, Panvetri is a relevant company in the territory in which it operates, mainly Puglia and Basilicata, serving a wide range of wine estates, cooperative wineries, mills oil and food manufacturers. In addition to wine and olive oil bottles, Panvetri's portfolio includes beer, spirits and sparkling wine bottles, olive oil cans, food jars, lids and closures. With its strong local presence and strong sales team, Berlin Packaging can help Panvetri expand its product offering.
"Italy is a key country for the wine and olive oil sectors, and Panvetri allows us to boost our presence and expand our coverage of southern Italy," he said. Paolo Recrosio, CEO of Berlin Packaging EMEA.
“We are proud to partner with Berlin Packaging and bring our experience in southern Italy to the rest of the company. In addition, we are very interested in expanding our product portfolio with Berlin Packaging's unique shapes and sizes, which will now be available to our customers," said Alessandro Pantaleo, CEO of Panvetri.
“This acquisition is further proof of our commitment to growth in Europe. With Panvetri, we reinforce our already strong presence in Italy and further our position as the industry leader in food and beverage packaging in Italy," said Bill Hayes, Global CEO of Berlin Packaging.
This is the 20th acquisition that Berlin Packaging has completed in EMEA (Europe, Middle East and Africa) since 2016 and its 1st acquisition in EMEA in 2022.
All employees and locations will be retained from this acquisition.
