TricorBraun has agreed to acquire Price Container and Packaging, a distributor of rigid packaging which primarily serves the food and industrial markets.
The acquisition is expected to close in September 2020, and Price Container and Packaging will operate as Price Container, a TricorBraun company, once the acquisition is completed.
According to TricorBraun, all Price Container employees will remain with TricorBraun and will continue to work out of the company’s existing locations in the Salt Lake City, Utah and southwest Washington areas.
Meanwhile, Price’s owner, Ryan Price, will reportedly help to execute TricorBraun’s strategy to create a new industrial packaging platform.
The purchase of Price Container will mark TricorBraun’s eighth acquisition in the last three years, further expanding the company’s presence in the market and its range of packaging solutions.
Court Carruthers, president and CEO of TricorBraun said: “Our acquisition of Price Container will significantly add to our robust range of packaging solutions by expanding our industrial presence.
“As we continue to provide essential, quality packaging, we look forward to serving customers with their industrial and other market needs. We welcome Price Container to the TricorBraun family.”
Ryan Price added: “This is a very exciting time in Price Container’s 22-year history. We’re proud to join a respected packaging leader, and with TricorBraun’s expansive reach, as well as commercial and operational excellence, we can grow while offering expanded services to our customers.
“I also look forward to our work with our supplier partners, which continues to be an important focus.”
© FoodBev Media Ltd 2019