TricorBraun Inc has acquired Taipak Enterprises Ltd, a Richmond, British Columbia-based provider of standard and custom flexible packaging solutions. No financial terms were released. TricorBraun, a St. Louis, Missouri-based distributor of rigid plastic and glass bottles and closures, said the deal marks its entry into the flexible packaging space. It added that Taipak’s current owners, Joey Lin and Charanjit Hayre, will continue to manage the business. TricorBraun, a portfolio company of U.S. private equity firm AEA Investors, earlier this year acquired Salbro Bottle Inc.
TricorBraun Has Acquired Canadian-Based Taipak
Represents Company’s First Move into Flexible Packaging
ST. LOUIS, Nov. 16, 2017 /CNW/ — TricorBraun, a leading packaging solutions company, has acquired Canadian-based Taipak (www.taipak.ca), a flexible packaging solutions provider headquartered in Richmond, British Columbia.
“The acquisition of Taipak represents a true milestone for TricorBraun: It’s the very first time in our more than 100-year history that we have entered the flexible packaging industry,” said Keith Strope, Executive Chairman of TricorBraun. “It’s a move that significantly increases our product offering and capabilities.”
Taipak offers a complete range of standard and custom flexible packaging solutions, including boxes, pouches and bags. The company provides solutions for numerous industries, including: Beverage, Coffee & Tea, Confectionary & Dry Foods, Seafood & Meat Products, Processed & Frozen Food, Retort Food, Pet Products, Health & Wellness and Non-Food Products.
Strope said that Taipak will be renamed Taipak, A TricorBraun Company. Taipak’s current owners Joey Lin and Charanjit Hayre will continue to manage the business.
“The acquisition continues our dual path to grow by acquisition, as well as organically,” Strope said. “Every day, our industry leadership grows.”
Court Carruthers, CEO of TricorBraun added, “Taipak adds brand new capabilities to our growing resources and we’re excited that it is now part of the TricorBraun family.”
Since 2003, Taipak Enterprises Ltd., has been helping customers with flexible packaging needs. Our goal has always been to take the time to truly understand customers’ needs today and anticipate growth for the future. Because at Taipak, we believe our customers are our most valuable asset. With manufacturing facilities and carefully selected partners in Asia and Europe, we have the ability to develop flexible packaging solutions “from concept to consumer.” For unique flexible packaging solutions, or equipment, Taipak can deliver the right solution.
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 from London, England: Guangzhou, China; Hong Kong, and Mumbai, India. Our award-winning Design & Engineering Center provides 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, VP, Brand Marketing, TricorBraun, 314-983-2010, email@example.com, http://www.tricorbraun.com
Photo courtesy of Taipak Enterprises Ltd