Private-equity firm Oak Hill Capital Partners LP agreed to acquire Berlin Packaging LLC, a producer of containers and closures, from Investcorp SA for $1.43 billion.

The deal, subject to regulatory approvals, is expected to close in the third quarter, New York-based Oak Hill said today in a statement.

Berlin, founded in 1898, supplies plastic, glass and metal packaging and operates more than 90 sales and warehouse locations in North America, according to the statement.

Berlin was advised by Barclays Plc and Deutsche Bank AG. Gibson, Dunn & Crutcher LLP was legal counsel for Berlin and Investcorp. Morgan Stanley advised Oak Hill. Paul, Weiss, Rifkind, Wharton & Garrison LLP is Oak Hill’s legal counsel.

Deutsche Bank and Morgan Stanley are arranging financing for the deal.