As part of the arrangement, CPPIB will make a $500 million investment in Berlin Packaging.
The Berlin Packaging management team, including Chairman and CEO Andrew Berlin, will also make a significant investment.
Additional financial terms were not disclosed. The transaction is expected to close by the end of 2018.
“This transaction allows us to take our business to an even higher level as we pursue multiple strategic initiatives, including acquisitions in North America and Europe, additions to our sales and service teams, and more investment in our e-commerce capabilities,” Berlin said.