TricorBraun, a global packaging leader based in St. Louis, Missouri, announced today that it has entered into an agreement to acquire German-based Euroglas and Austrian-based Glaspack, distributors of rigid packaging solutions for the European market. These acquisitions expand TricorBraun’s packaging footprint in the DACH region (Germany, Austria, Switzerland).
“Euroglas and Glaspack are known for their quality, innovation, and customer service, and they’ve built longstanding businesses with impressive reputations,” said Mark O’Bryan, COO of TricorBraun. “Combining Euroglas’ and Glaspack’s expertise in key end markets with TricorBraun’s own supply chain and regional penetration will provide new opportunities to support our customers’ growth in Europe.”
Both founded in 1992, Euroglas and Glaspack are family-run companies. Euroglas is one of Europe’s leading suppliers of high-quality glass packaging. The company provides stock and custom packaging for the food, beverage, and spirits sectors. Glaspack provides stock and custom packaging for the wine, beer, and food sectors and is a leading supplier of wine packaging for the Austrian market.
“Joining TricorBraun is an exciting new chapter for us,” said Cristoph Jäckle, Managing Director, Euroglas. “By working together we can provide access to global resources and expertise while maintaining our dedication to quality and local customer service.”
All Euroglas and Glaspack team members will remain with TricorBraun and continue to work out of the companies’ existing locations. Effective upon the close of the transaction, Euroglas will be known as Euroglas, a TricorBraun company, and Glaspack will be known as Glaspack, a TricorBraun company.
Since its founding, TricorBraun has partnered with management teams to successfully acquire and accelerate growth for many packaging companies worldwide.
The transaction is expected to close in the first quarter of 2025, subject to receiving the required regulatory approvals.
Proventis Partners, a member of Mergers Alliance, acted as financial advisor and Linklaters served as legal advisor to TricorBraun on the transaction.
