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
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
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
- ^ 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.