TricorBraun has expanded its presence in Canada, having acquired the rigid packaging distributor RODA Packaging in Quebec.
RODA has been in business for 40 years, specializing in the chemicals, sealants and adhesives markets, while also serving the nutraceuticals, juices, and dry condiments and spices segments. As part of the RODA acquisition, Tricor also acquires Rada Industries.
“Our acquisition of RODA Packaging continues our long track record of growth in Canada,” said Court Carruthers, president and CEO, TricorBraun. “We are very impressed by the strong company Stéphan Berthiaume and his team have built, and with our combined expertise we will service the needs of Quebec-based businesses, along with the customers we support across North America. We are excited to welcome RODA to the TricorBraun family.”
TricorBraun, based in St. Louis, is North America’s largest distributor of primary packaging, providing innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexible.
With the acquisition, TricorBraun will continue to strategically invest in Quebec, a market the company has serviced for more than 25 years. Al team members with RODA, including owner and CEO Berthiaume, will remain with TricorBraun. The group will continue to work out of the company's existing locations in Quebec, becoming part of TricorBraun Canada. Effective with the acquisition, RODA Packaging will operate as RODA, a TricorBraun company.
“For almost 40 years, RODA Packaging and its dedicated team have been instrumental to the packaging supply chain,” said Berthiaume. “We are excited to join TricorBraun and look forward to this next chapter. Our shared focus on customer service, quality and operational excellence, along with TricorBraun's broader supplier base and multiple locations, will allow RODA to explore its full potential and offer a more complete range of services to its customers. ”
TricorBraun has successfully acquired more than 20 packaging companies across North America. RODA Packaging marks TricorBraun's 10th acquisition in the last four years, and the first under the ownership of Ares Management and Ontario Teachers' Pension Plan Board.