Berlin Packaging, the world’s largest hybrid packaging supplier, is pleased to announce the introduction of its new 1Berlin Shared Ownership Program, which gives employees at all levels and in all of the company’s global regions an equity stake in the business, effective immediately.
Shared ownership with all employees reinforces the commitment of Berlin Packaging, headquartered in Chicago, to invest in its workforce and foster a positive and inclusive environment within its ever-expanding global business.
No investment by employees is required to participate in the Shared Ownership Plan, and every employee with at least two years of continuous employment will be automatically enrolled.
“We are introducing our 1Berlin Shared Ownership Program now because our team has collectively persevered through the past four years of pandemic-caused disruptions with unprecedented determination and resiliency,”said Bill Hayes, global CEO and president of Berlin Packaging. “Everyone contributes to our success, and everyone should share in our future success and value creation. We have always been ‘1Berlin,’ but now we are putting our actions where our words are.”
Hayes also commented that the company’s new shared ownership plan does not begin and end with its introduction.
Going forward, all Berlin Packaging employees will receive ongoing financial training, especially focused on value creation, and will participate in quarterly “Ownership Updates” with the Berlin Packaging leadership team.
In addition to management’s equity stake in the company, Berlin Packaging is backed by Oak Hill Capital Partners of New York City and Canadian Pension Plan Investments of Toronto, Canada, both of which are enthusiastically supporting Berlin Packaging’s new shared ownership plan, along with the company’s Board of Directors.
The company holds leading positions in North America and Europe, and has recently entered the Asia-Pacific market commercially, including two acquisitions in that region in the past year.
About Berlin Packaging
Berlin Packaging is the world’s largest hybrid packaging supplier of glass, plastic and metal containers and closures.
The company supplies billions of products annually, along with packaging design, financing, consulting, warehousing and logistics, and sustainability solutions for customers in all industries.
Berlin Packaging brings together the best of value-adding manufacturers, distributors and service providers.
Its mission is to increase its customers’ net income through packaging products and services.
Visit berlinpackaging.com and corporate.berlinpackaging.eu for more information.
