{"id":4265,"date":"2024-12-10T03:51:51","date_gmt":"2024-12-10T08:51:51","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=4265"},"modified":"2024-12-10T03:51:51","modified_gmt":"2024-12-10T08:51:51","slug":"tricorbraun-to-acquire-veritivs-rigid-packaging-business","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=4265","title":{"rendered":"TricorBraun to acquire Veritiv\u2019s rigid packaging business"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n \n <\/picture>
The transaction is set to close in Q1 2025. Credit: bestbee via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Packaging company TricorBraun<\/a> has entered into a definitive agreement to acquire Veritiv Containers, a rigid packaging solutions distributor, from Veritiv Operating Company.<\/p>\n

This strategic move is set to boost TricorBraun\u2019s expertise in rigid packaging and expand its presence across North America, particularly in sectors such as the food and beverage, wine and spirits, nutraceutical, industrial, and personal care markets.<\/p>\n

Upon the completion of the transaction, which is expected to close in the first quarter (Q1) of 2025, Veritiv Containers will be rebranded and operate under the TricorBraun name. The acquisition is subject to customary regulatory approvals and closing conditions.<\/p>\n

Veritiv Containers, which was previously known as All American Containers, operates from multiple facilities throughout North America. With this acquisition, TricorBraun aims to enhance its product offerings and service capabilities.<\/p>\n

TricorBraun president and CEO Court Carruthers said: \u201cThis acquisition further enhances our North American footprint, offering customers expanded solutions and supply chain options.<\/p>\n

\u201cThe Veritiv team is highly respected for their expertise, focus on quality, and customer service, and we are pleased to welcome them to the TricorBraun family.\u201d<\/p>\n

\n

Access the most comprehensive Company Profiles
\n on the market, powered by GlobalData. Save hours of research. Gain competitive edge.<\/p>\n