TricorBraun has acquired US-based packaging manufacturer Pacific Bag in a move to grow in the flexible packaging sector.
Established in 1986 and specialising in flexible coffee, pet and specialty food packaging, Pacific Bag serves more than 4,500 customers in more than 50 countries. Its executive team, including CEO Mark Howley, will remain with TricorBraun.
The deal represents TricorBraun’s sixth acquisition in 18 months. Since the company acquired Salbro Bottle in June 2017, it added Continental Packaging Associates, Taipak, Package All, and the remaining shares of its joint venture in Mexico.
The company will combine Pacific Bag with its existing flexibles business, Taipak, to create TricorBraun Flex, a new business unit focused on flexible packaging. The unit will operate out of existing locations in Vancouver, Seattle, Calgary, Toronto, and Philadelphia.
Court Carruthers, president and CEO TricorBraun, said: “This is an important day for TricorBraun and a natural step in our evolution as we build the global packaging leader. The acquisition of Pacific Bag further bolsters our presence in the flexibles space, building on our highly successful acquisition of Taipak. We are excited to welcome Pacific Bag to the TricorBraun family.”
He added: “By combining Pacific Bag and Taipak’s flexibles expertise, paired with TricorBraun’s capabilities and resources, we can provide exceptional products and services based on our customers’ evolving packaging needs.”
Pacific Bag CEO Mark Howley said: “Pacific Bag is excited to join forces with TricorBraun. Our business has grown over the years to help customers all over the world, and by joining TricorBraun we are confident the combined business will become a stronger supplier. Our product line will expand and our ability to meet the demands of the market will dramatically improve.”
TricorBraun acquired Taipak in 2017, representing the company’s first move into flexible packaging in its 117-year history.
Taipak founder and general manager Joey Lin said: “This past year with TricorBraun has been exceptional. We’ve been able to continue to grow our business while upholding our ‘get it done’ approach. Our Taipak team is excited to work with Pacific Bag and provide our customers with flexible packaging services unmatched in the industry.”
© FoodBev Media Ltd 2019
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