Berlin Packaging acquires Italian cosmetic packaging company Premi

US-based hybrid packaging supplier Berlin Packaging has purchased Premi, a company that designs and manufactures packaging for the cosmetic and beauty industries.

Based in Milan, Italy, Premi supplies major firms with a range of packaging products and services.

The company operates research and development centres in Europe, the US and Asia, through which it aims to support its clients from initial product conception to commercial launch.

In addition, Premi offers formulation services, compatibility and stability testing, sustainability solutions, branding services, digital marketing and other value-added services.

The company also has a digital store, Stocksmetic, which provides customisable packaging solutions with no minimum order requirements.

The financial terms of the transaction have not been disclosed.

Berlin Packaging Europe, Middle East and Asia (EMEA) CEO Paolo Recrosio said: [Premi is a market leader in the beauty packaging industry with incredible know-how for the design and production processes.

[By leveraging our combined footprint and capabilities, we will deliver unparalleled solutions to our customers."

Under the terms of the deal, Berlin Packaging will take over all Premi`s employees and locations.

The company has acquired 19 companies in the EMEA region since 2016.

Berlin Packaging Global CEO and president Bill Hayes said: [Not only does the addition of Premi rapidly expand our product portfolio in the important beauty and cosmetic sectors, but its emphasis on being a one-stop shop for customers is the perfect match for our hybrid packaging business model.

[Combined with our already formidable innovation capabilities and services, we will create even more value for our customers."

Last March, Berlin Packaging acquired UK-based company Roma International, which supplies packaging for cosmetics and personal care products.

The acquisition was part of Berlin Packaging`s commitment to offering packaging solutions in all segments of these markets across Europe.