TricorBraun acquires rigid packaging distributor
TricorBraun, a longstanding distributor of packaging in plastic and glass containers, closures, dispensers, tubes and flexibles, has acquired Price Container, a rigid packaging distributor in the food and industrial markets.
St. Louis-based TricorBraun said all Price Container team members will remain with TricorBraun and the owner Ryan Price will play an important role in executing TricorBraun’s strategy to create a new industrial packaging platform. The Price Container team will continue to work from its existing offices in Salt Lake City and southwest Washington. The company will operate as Price Container, a TricorBraun company.
“Our acquisition of Price Container will significantly add to our robust range of packaging solutions by expanding our industrial presence,” said Court Carruthers, president and CEO, TricorBraun. “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.”
A portfolio company of global private investment firm AEA Investors, TricorBraun has acquired and successfully integrated more than 20 companies over the last 25 years. Price Container will mark the company’s eighth acquisition in the last three years.
“This is a very exciting time in Price Container’s 22-year history,” said Price. “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.”