TRICORBRAUN
US packaging group to buy domestic, Australian ops
US packaging specialist TricorBraun (St Louis; www.tricorbraun.com) has hit the acquisition trail at home and overseas, expanding its presence in the flexible, glass, and plastic packaging markets.

The company has agreed to buy US-based PBFY (Brea, California; www.pbfy.com), one of the largest flexible packaging distributors in North America, from retail and promotional packaging supplier Pacific Western Sales (Brea). Financial details of the deal were not disclosed.

Court Carruthers, president and CEO of TricorBraun, said: “PBFY is an important addition to our industry-leading flexible packaging offerings, enabling us to provide customers with expanded services and supply chain options.” PBFY is to operate as a TricorBraun company, and then be integrated with TricorBraun Flex after a transition.

TricorBraun also announced expanding its presence in Australia by buying PB Packaging (www.pbpackaging.com.au) from local parent Pro-Pac Packaging (Melbourne; www.ppgaust.com.au). The deal is expected to complete by mid-2022, and terms were not revealed.

“The PB Packaging team’s dedication to innovation, quality, and exceptional customer service make them an ideal fit,” Carruthers said. “We are pleased to welcome PB Packaging to the TricorBraun family, and we look forward to investing in its continued growth.”
20.04.2022 Plasteurope.com [250093-0]
Published on 20.04.2022

© 2001-2022 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2022 by Plasteurope.com, Bad Homburg
Date of print: 25.06.2022 15:43:06   (Ref: 927746828)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp