Packaging solutions supplier Berlin Packaging has entered a definitive agreement to acquire Rixius, a German rigid packaging supplier that serves the chemical, pharmaceutical, cosmetics, and food & beverage markets across the DACH and Benelux regions.
DACH refers to Germany (Deutschland), Austria (Austria), and Switzerland (Confoederatio Helvetica) while Benelux represents the economic union of Belgium, Netherlands, and Luxembourg.
The acquisition, which is in line with standard closing conditions, is anticipated to be finalised in the fourth quarter, paving the way for Berlin Packaging to further solidify its presence in the European packaging market.
Berlin Packaging EMEA northern region senior vice president Marcel Schröder said: “Rixius is synonymous with constant innovation, sustainability, and high-quality packaging, the key pillars of Berlin Packaging. Targeted acquisitions play a crucial role in our European growth strategy, and this combination with Rixius will not only strengthen our footprint in Germany but will also expand Berlin Packaging’s offering for the industrial end market.”
Rixius CEO Wolfgang Luckhardt said: “We are proud of our history and expertise, and this new partnership will bring more exciting opportunities for our customers, business partners, and employees. Berlin Packaging’s hybrid business model and commitment to thrilling customers is a great fit for us.”
Private equity firm BWK, a major shareholder in Rixius since 2007, will be exiting its investment following the completion of the sale to Berlin Packaging.
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By GlobalData
Rixius has a broad range of packaging products and offers additional services, including personalisation, labelling, decoration, and sustainability consultancy, catering to a diverse clientele.
Earlier this year, Berlin Packaging acquired Nissho Jitsugyo, a Japanese packaging products and services supplier.
