Baker McKenzie advises Berlin Packaging on the acquisition of RIXIUS
Baker McKenzie has advised Chicago-based Berlin Packaging, a portfolio company of Oak Hill Capital Partners and the Canada Pension Plan Investment Board, on its acquisition of RIXIUS AG, a German supplier specialized in rigid packaging for the industrial end market. The transaction is subject to customary closing conditions and expected to close in Q4 2024.
BWK, a German investment firm, has been the main shareholder of RIXIUS AG since 2007 and will exit its investment upon completion.
Berlin Packaging is the world’s largest hybrid packaging supplier of glass, plastic, and metal containers and closures and supplies billions of items annually along with package design, financing, consulting, warehousing, and logistics services for customers across all industries.
RIXIUS AG offers a wide portfolio of packaging products as well as a range of value-added services, such as personalization, labeling, decoration and sustainability consultancy.
“We are pleased to have supported Berlin Packaging in its European growth strategy and its first acquisition in Germany,” said Daniel Dehghanian (PICTURED), lead partner on the transaction. “Our full-service offering once again allowed us to provide comprehensive advice in all relevant legal areas from a single source.”