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FINANCIAL NEWS
Bahrain’s Investcorp unit buys US distributor
27 Oct 2012
(MENAFN) Berlin Packaging, controlled by Bahrain-based investment firm Investcorp, has bought the California-based United States Container Corp. (USCC), Arabian Business reported.
This is the company’s fourth takeover deal since it was majority bought by Investcorp in March 2012. The acquisition will expand its presence in key California and Arizona markets.
Berlin Packaging will have over 90 sales and warehouse locations across North America, more than 120 packaging consultants and sales managers, and annual revenues approaching USD800 million.
USCC was founded in 1956 and is a leading distributor of industrial containers in the western states. USCC serves a wide array of markets, including food, beverage, pharmaceutical, agricultural, paint and coating, chemicals, and personal care.
Berlin Packaging, is a full-service supplier of plastic, glass, and metal containers and closures.
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