Berlin Packaging launches innovative shared ownership program

USA – Berlin Packaging, a global leader in hybrid packaging solutions, has introduced its innovative ‘1Berlin Shared Ownership Program,’ granting employees worldwide an ownership stake in the company.

This initiative, which requires no employee investment, is effective immediately and aims to foster a stronger collaborative culture across its growing global operations.

The program is available to all employees with at least two years of continuous service, who will be automatically enrolled.

By giving its workforce a stake in the company’s success, Berlin Packaging is reinforcing its commitment to its employees.

Bill Hayes, Global CEO and President of Berlin Packaging, emphasized the importance of the initiative, “We’re launching the 1Berlin Shared Ownership Program because our team has shown incredible grit and resilience during the last four years of pandemic disruption.

“Everyone contributes to our success, and it’s only right that everyone shares in the future success and value we create. We’ve always been ‘1Berlin,’ but now we’re putting that into action.”

Empowering employees through education

The shared ownership program is not a one-time event. Berlin Packaging is committed to providing ongoing financial education to its employees.

The company will offer financial training focused on value creation and quarterly ‘Ownership Updates’ led by the leadership team.

These updates will help employees understand their stake in the company’s performance and how they can contribute to its future growth.

In addition to management’s financial involvement, Berlin Packaging is backed by Oak Hill Capital Partners and Canadian Pension Plan Investments, further strengthening the company’s financial position.

Headquartered in Chicago, Berlin Packaging is a major supplier of glass, plastic, and metal containers and closures, with a strong presence in North America and Europe.

The company has recently expanded into the Asia-Pacific region, making two acquisitions in the past year.

Berlin Packaging’s commitment to sustainability is evident in its 2023 achievements, which include selling over 12,000 tonnes of recycled plastic and glass packaging.

This includes more than 1,700 tonnes of post-consumer recycled (PCR) plastic and 10,700 tonnes of PCR glass.

The company’s collaboration with Curie to create deodorant packaging made entirely from PCR plastic highlights its dedication to environmentally conscious practices.

Additionally, Berlin Packaging developed a ‘vortex’ bottle for Turtle Wax, incorporating 30% PCR plastic, saving over 116,000 pounds of virgin resin annually.

With the launch of the 1Berlin Shared Ownership Program, Berlin Packaging continues to prioritize both its employees and its sustainability efforts, positioning itself as a forward-thinking leader in the global packaging industry.

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