{"id":5123,"date":"2025-02-03T03:41:21","date_gmt":"2025-02-03T08:41:21","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=5123"},"modified":"2025-02-03T03:41:21","modified_gmt":"2025-02-03T08:41:21","slug":"tricorbraun-finalises-takeover-of-veritiv-containers","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=5123","title":{"rendered":"TricorBraun finalises takeover of Veritiv Containers"},"content":{"rendered":"


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The financial terms of the deal were not made public. Credit: M Isolation photo via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Packaging company TricorBraun<\/a> has completed the acquisition of Veritiv Containers, a supplier of glass, plastic, and metal containers.<\/p>\n

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The acquisition was first made public<\/a> on 9 December of the previous year.<\/p>\n

Veritiv Containers, formerly known as All American Containers, distributes rigid packaging solutions catering to various sectors, including food and beverage, wine and spirits, personal care, nutraceutical, and industrial.<\/p>\n

The addition of Veritiv Containers brings seven new warehouses and more than 500,000ft\u00b2 of extra capacity into TricorBraun\u2019s network.<\/p>\n

While the financial details of the transaction have not been disclosed, the acquisition is anticipated to have a positive impact on TricorBraun\u2019s service offerings in North America and customer reach in the rigid packaging market segment.<\/p>\n

Established in 1902, TricorBraun is a global packaging company with over 2,000 employees across more than 100 locations in the Americas, Europe, Asia, and Australia.<\/p>\n

TricorBraun president and CEO Court Carruthers said: \u201cWe are pleased to grow our industry-leading primary packaging offering, providing customers with expanded services and supply chain options.<\/p>\n

\u201cWe have great respect for the Veritiv team\u2019s expertise, quality, and customer service, and are excited to officially welcome them to the TricorBraun family.\u201d<\/p>\n

Last month, TricorBraun reached an agreement<\/a> to acquire Euroglas in Germany and Glaspack in Austria.<\/p>\n

Both companies being acquired have been supplying rigid packaging solutions to the European market. This move will expand TricorBraun\u2019s presence in the Germany, Austria, and Switzerland region.<\/p>\n

Euroglas and Glaspack, both founded in 1992, are family-owned businesses.<\/p>\n

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