Rigid packaging solutions provider TricorBraun has purchased Pennsylvania-based Continental Packaging Associates for an undisclosed sum.
Post acquisition, Continental Packaging Associates will operate under the TricorBraun portfolio.
The acquisition will enable Continental Packaging to access TricorBraun customer resources, which include the firm’s package design, engineering and global sourcing capabilities.
Continental Packaging Associates, which is owned by Howard, Alan and Todd Feldman, supplies packaging solutions for the food, industrial, pharmaceutical, and cosmetic industries.
TricorBraun president and CEO Keith Strope said: "CPA is a great strategic fit with a good legacy and reputation. It's family-owned, much like TricorBraun started out."
Continental Packaging Associates president and CEO Alan Feldman said: "Our customers are the real winners in our joining TricorBraun. We're excited about becoming part of a smart, savvy organization with global capabilities."
"We see tremendous opportunity to continue our leadership position in the packaging industry. TricorBraun will continue to pursue both acquisitions and organic growth. Bobby Sood, who is joining TricorBraun as senior VP mergers & acquisitions, will work closely with me in these endeavors.”, Strope added.
Founded in 1902 and headquartered in Missouri, TricorBraun employs over 1000 people and operates in over 40 locations across North America, London, England, China, Hong Kong and India.
The firm specializes in industrial packaging, container manufacturing, rigid plastic packaging, bottle wholesaler, package design, package engineering, extrusion blow molds, glass bottles, closures, dispensers, tubes, plastic bottles and glass packaging.
In January 2017, TricorBraun has designed a 2.5 fluid ounce tube and a one fluid ounce tube, which features an airless and oval-shaped design, for the Kenra Professional’s new hair care product, Snail CC Creme.