TricorBraun

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TricorBraun
Founded1902
HeadquartersSt. Louis
Key people
Court Carruthers (CEO and president)
Websitewww.tricorbraun.com

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]

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 2017 Court Carruthers became the president and CEO of the company, replacing Keith Strope,[17] who had held the positions since 2002.[18] Strope is now the company’s executive chairman, and the chairman emeritus is Ken Kranzberg.[19]

References[]

  1. ^ a b c Barr, Diana. "St. Louis packaging company names new executive". St. Louis Business Journal. July 14, 2017. Retrieved May 27, 2018.
  2. ^ "TricorBraun Holdings, Inc. Announces Acquisition by AEA Investors LP". PR Newswire. November 30, 2016. Retrieved May 27, 2018.
  3. ^ a b "Top 150+ 2018: No. 26 TricorBraun". St. Louis Post-Dispatch. 2018. Retrieved May 27, 2018.
  4. ^ "TricorBraun acquires Continental Packaging Associates". Packaging BR. 19 September 2017.
  5. ^ "Packaging distributor TricorBraun eyes $1.3 billion sale: sources". Reuters. 6 August 2014.
  6. ^ "TricorBraun expands China office and international capabilities". Asian Printer.
  7. ^ "TricorBraun, Amfora Packaging establish new South American JV firm". Packaging BR. 30 October 2017.
  8. ^ "Ontario Bottler Salbro Acquired by TricorBraun". Canadian Plastics.
  9. ^ a b Lauzon, Michael. "TricorBraun adds more prototyping capacity with acquisition". Plastics News.
  10. ^ Lauzon, Michael. "TricorBraun makes another acquisition, brings in M&A leader - Plastics News". Plastic News.
  11. ^ Frighetto, Community Contributor Jennifer. "Oak-Brook Based TricorBraun Hires Industrial Designer". The Chicago Tribune. {{cite web}}: |first= has generic name (help)
  12. ^ "A next-generation lip balm packaging solution is in the works". Cosmetic Design.
  13. ^ Brown, Lisa. "TricorBraun buys Canadian Packaging company". St. Louis Post-Dispatch.
  14. ^ Rizvic, Veneta (September 20, 2017). "TricorBraun acquires Pennsylvania company". St. Louis Post-Dispatch. Retrieved May 27, 2018.
  15. ^ "New packaging partnership creates TricorBraun South America SAS". Cosmetic Design.
  16. ^ "BOSS Magazine - TricorBraun's Plan for Organic Growth". The Boss Magazine. 26 July 2016.
  17. ^ Mueller, Angela (October 23, 2017). "TricorBraun appoints new president, CEO". St. Louis Business Journal. Retrieved May 27, 2018.
  18. ^ Brown, Lisa (October 20, 2017). "TricorBraun names new president and CEO". St. Louis Post-Dispatch. Retrieved May 27, 2018.
  19. ^ Gallagher, Jim (December 1, 2016). "TricorBraun is sold to private equity firm". St. Louis Post-Dispatch. Retrieved May 27, 2018.
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