Chicago, Illinois-based rigid packaging maker Berlin Packaging said it has taken over for an undisclosed amount Elias Valavanis SA, a Greek supplier of glass packaging for the food and beverage industry, in a push to expand its business to the Balkans.
Larissa-headquartered Elias Valavanis supplies bottles and jars for olive oil, wine, spirits, soft drinks and water, serving more than 1,500 customers. The company operates locations in Greece, Bulgaria and Romania.
"Elias Valavanis is the perfect partner for Berlin Packaging as we expand our operations to the Balkans and continue to augment our Mediterranean glass business," Paolo Recrosio, CEO of Berlin Packaging Europe, noted in a press release published earlier this week.
Berlin Packaging has committed to retaining all employees and locations of the Greek company, which marked its 15th acquisition in Europe since 2016, and its 5th inorganic growth investment in the region since the start of 2021.