TricorBraun Inc, a portfolio company of U.S. private equity firm AEA Investors, has agreed to acquire Salbro Bottle Inc, a Woodbridge, Ontario-based manufacturer and distributor of packaging solutions. No financial terms were released. Founded in 1990, Salbro specializes in providing creative plastic containers, glass containers and closures. St. Louis, Missouri-based TricorBraun, which operates in the same industry, said the acquisition will expand its reach and presence in the Canadian market. TricorBraun was acquired by AEA last year from CHS Capital. Update: Salbro is backed by Crosswinds Holdings, a Canadian private equity firm.
TricorBraun Agrees to Acquire Canadian Packaging Solutions Company
Salbro Bottle To Strengthen TricorBraun’s Canadian Presence
ST. LOUIS, June 26, 2017 /CNW/ — TricorBraun has entered into a definitive agreement to acquire Canadian-based Salbro Bottle (www.salbrobottle.com), a 27-year-old packaging solutions company, according to Keith Strope, President and CEO, of TricorBraun.
“Salbro fits our strategic vision extremely well,” said Strope. “We were interested in expanding our reach and presence in Canada and this acquisition helps us do both.”
As part of the deal, TricorBraun will acquire enhanced rapid prototyping and even quicker response times,” said Strope.
According to Gary Saltz, President of Salbro, the acquisition will allow his company to continue to focus on serving customers. Paul Saltz, Vice President of Sales and Marketing, and David Saltz, Vice President of Operations, agree. “Our relationship with TricorBraun gives us additional strength to grow,” they said.
Paul Saltz, Vice President of Sales and Marketing at Salbro said, “We’re big enough to handle anyone’s order, but we’re also flexible enough to be able to react and adapt to the customer’s needs quickly. Being part of TricorBraun will help us expand that approach.”
“We remain fiercely committed to providing innovative, custom solutions for our customers,” said Strope. He said the acquisition of Salbro allows TricorBraun to better serve Canadian customers with more added value.
He said that TricorBraun will continue to look for acquisitions that help grow its strategic vision.
“Everything we do is about making things better for our customers, our suppliers and our employees,” Strope said. “Salbro Bottle is a great company and we’re proud that it is now part of the TricorBraun family.”
About Salbro Bottle
Salbro Bottle (http://www.salbrobottle.com), is a Woodbridge, Ont.-based company founded in 1990. Salbro’s packaging solution business provides creative plastic containers, glass containers and closures to its customers. The company operates from a 40,000-square-foot headquarters in Woodbridge. It also operates a 70,000-square-foot facility in nearby Vaughan, Ont., a 15,000-square-foot location in St. John’s, Newfoundland and has a Montreal sales office with approximately 30,000 sq feet of 3PL warehousing.
TricorBraun (www.tricorbraun.com) is a packaging solutions company, focused on providing innovative, custom solutions for its many customers. An industry leader in glass and plastic containers, closures, dispensers and tubes, TricorBraun operates from more than 40 locations throughout North America and internationally including Canada, Mexico, England, China, Hong Kong, and India. Our award-winning Design & Engineering Centers provide forward-thinking service driven by consumer insight, market understanding and creative solutions. TricorBraun’s advisory services range from preliminary planning and manufacturing oversight to warehousing and logistics programs.
For further information: Suzanne Fenton, 1-314-983-2010, http://www.tricorbraun.com
Photo courtesy of Salbro Bottle Inc