TricorBraun
 | |
| Founded | 1902 |
|---|---|
| Headquarters | St. Louis |
Key people | Court Carruthers (CEO and president) |
| Website | www |
TricorBraun is an American designer and distributor of rigid packaging.[1] Founded in 1902, it was acquired by CHS Capital and Management in 1999 and by AEA Investors in 2016. In 2016 and 2017, the company stated that it had approximately $1 billion in annual revenues.[2][3]
History
[edit]The company was founded in Missouri in 1902,[4] and is currently headquartered in St. Louis.[5] According to the St. Louis Post-Dispatch, it was the twenty-sixth largest corporation based in the greater St. Louis area in 2018.[3] As of 2008, the company had thirty-two offices in North America and Asia,[6] and as of 2017 the company had about forty locations, including offices outside of North America in London, UK; Mumbai, India; Guangzhou, China; Hong Kong;[7] and Mexico.[8]
The company employs about one thousand people overall, and has annual sales of about $1 billion in rigid plastic packaging. Its packaging largely consists of blow molded containers, in addition to some thermoformed packaging.[9] Packaging is produced in both glass and plastic, and includes containers, closures, dispensers, tubes, and other types of packaging.[10] TricorBraun also has a research and development section,[11] which develops new forms of packaging for industries like cosmetics.[12]
Acquisitions
[edit]CHS Capital and Management acquired TricorBraun in 1999. CHS sold the company to AEA Investors in 2004, repurchased it in 2006, and sold it again to AEA in November 2016.[1] In 2016, TricorBraun itself purchased The Packaging Design Group.[1] In 2017 the TricorBraun acquired Taipak, a Canadian company that manufactures flexible packaging, entering the flexible packaging market for the first time.[13] That year TricorBraun also acquired the Pennsylvania-based Continental Packaging Associates,[14] and the Canadian firm Salbro.[9] It also began a partnership with Amfora, forming TricorBraun South America SAS.[15] Between the mid-1990s and now, the company has acquired fourteen different companies.[16] In August 2023, it was announced TricorBraun had acquired the Longmont-headquartered aluminum cans and packaging supplies company, CanSource.[17]
In 2017 Court Carruthers became the president and CEO of the company, replacing Keith Strope,[18] who had held the positions since 2002.[19] Strope is now the company’s executive chairman, and the chairman emeritus is Ken Kranzberg.[20]
References
[edit]- ^ a b c Barr, Diana. "St. Louis packaging company names new executive". St. Louis Business Journal. July 14, 2017. Retrieved May 27, 2018.
- ^ "TricorBraun Holdings, Inc. Announces Acquisition by AEA Investors LP". PR Newswire. November 30, 2016. Retrieved May 27, 2018.
- ^ a b "Top 150+ 2018: No. 26 TricorBraun". St. Louis Post-Dispatch. 2018. Retrieved May 27, 2018.
- ^ "TricorBraun acquires Continental Packaging Associates". Packaging BR. 19 September 2017.
- ^ "Packaging distributor TricorBraun eyes $1.3 billion sale: sources". Reuters. 6 August 2014.
- ^ "TricorBraun expands China office and international capabilities". Asian Printer.
- ^ "TricorBraun, Amfora Packaging establish new South American JV firm". Packaging BR. 30 October 2017.
- ^ "Ontario Bottler Salbro Acquired by TricorBraun". Canadian Plastics.
- ^ a b Lauzon, Michael. "TricorBraun adds more prototyping capacity with acquisition". Plastics News.
- ^ Lauzon, Michael. "TricorBraun makes another acquisition, brings in M&A leader - Plastics News". Plastic News.
- ^ Frighetto, Jennifer. "Oak-Brook Based TricorBraun Hires Industrial Designer". The Chicago Tribune.
- ^ "A next-generation lip balm packaging solution is in the works". Cosmetic Design.
- ^ Brown, Lisa. "TricorBraun buys Canadian Packaging company". St. Louis Post-Dispatch.
- ^ Rizvic, Veneta (September 20, 2017). "TricorBraun acquires Pennsylvania company". St. Louis Post-Dispatch. Retrieved May 27, 2018.
- ^ "New packaging partnership creates TricorBraun South America SAS". Cosmetic Design.
- ^ "BOSS Magazine - TricorBraun's Plan for Organic Growth". The Boss Magazine. 26 July 2016.
- ^ Egginton, Tess (2023-08-14). "TricorBraun acquires CanSource". Food & Drink International. Retrieved 2023-08-14.
- ^ Mueller, Angela (October 23, 2017). "TricorBraun appoints new president, CEO". St. Louis Business Journal. Retrieved May 27, 2018.
- ^ Brown, Lisa (October 20, 2017). "TricorBraun names new president and CEO". St. Louis Post-Dispatch. Retrieved May 27, 2018.
- ^ Gallagher, Jim (December 1, 2016). "TricorBraun is sold to private equity firm". St. Louis Post-Dispatch. Retrieved May 27, 2018.