The company has EBITDA of about $100m according to Reuters, which reported the news citing people familiar with the matter.
It added that the firm had hired Barclays and Deutsche Bank to run the sale process.
Investcorp bought a majority stake in Berlin Packaging, which makes rigid packaging products for a range of industries, through a $410m deal in 2007.
Private equity firms MidOcean Partners and Bruckmann Rosser Sherrill & Co agreed to sell the asset seven years after MidOcean bought into the business through a $228m deal.
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