The acquisition of Cannasupplies will allow Berlin Packaging to expand its product offering for cannabis packaging
Berlin Packaging has acquired Canadian packaging company Cannasupplies. (Credit: Berlin Packaging)
Hybrid packaging supplier Berlin Packaging has acquired Canadian packaging solutions provider Cannasupplies for an undisclosed sum.
Cannasupplies, a former division of PharmaSystems, is involved in the supply of packaging solutions for the cannabis industry.
The deal will allow Berlin Packaging to expand its product offering for cannabis packaging, in addition to enhancing significant expertise in the Canadian cannabis end-market.
Since 2014, Cannasupplies has been offering advanced packaging solutions for all categories of cannabis products. It has a deep understanding of the Canadian regulatory framework.
Cannasupplies president Mark Finkelstein said: “Cannasupplies has experienced meteoric growth, and our partnership with Berlin Packaging and Consolidated Bottle will accelerate this trajectory as we expand our cannabis packaging footprint across North America.”
The acquired company will run as a division of Consolidated Bottle Corporation, a Canadian packaging supplier acquired by Berlin Packaging in November last year.
As part of the deal, all the employees and locations of the Canada-based company will be retained.
Consolidated Bottle supplies packaging solutions for different product applications, including personal care, pharmaceutical, cannabis, food, beverage and industrial.
Berlin Packaging CEO and president Bill Hayes said: “Acquiring Cannasupplies positions Berlin Packaging to capitalize on the incredible opportunities in this rapidly growing industry, not only in Canada, but across the United States, as more states permit medical and recreational cannabis use.
“Cannasupplies shares our entrepreneurial mindset, our drive for constant growth, and our commitment to compliant packaging solutions for our valued customers.”
Last month, Berlin Packaging acquired Raepak, which supplies its plastic packaging products for the customers in the cosmetics and personal care end-markets.