TricorBraun bought by investment firm AEA
Private investment firm AEA Investors has acquired North American packaging distributor TricorBraun Holdings from CHS Capital for an undisclosed amount.
With around 40 locations across North America and abroad, TricorBraun distributes products such as plastic and glass containers, closures, dispensers and tubes for multiple businesses across the globe.
“We believe TricorBraun is an excellent company operating in a highly attractive industry segment,” said Thomas Pryma, a partner at New York City-based AEA. “They are well-positioned to make a significant impact in the rigid packaging market by continuing to offer their customers and supplier partners an impressive array of capabilities. We look forward to helping them continue their growth both organically and through strategic acquisitions.”
Founded in 1902, TricorBraun is the home for many “firsts” in rigid packaging distribution. The firm was the first to incorporate advanced design and engineering capabilities into the packaging supply process. TricorBraun was also the first organization to move distribution beyond simply supplying a commodity to forging customer relationships based on consultative packaging capabilities.
The firm’s Canadian headquarters is in Markham, Ont.