TricorBraun Bolsters European Presence with Euroglas and Glaspack Acquisitions
Deal News | Jan 08, 2025 | PR Newswire Cision TricorBraun
TricorBraun, a leading global packaging company, has announced the acquisition of two European packaging suppliers, Euroglas and Glaspack. The acquisitions, which are set to close in the first quarter of 2025, will bolster TricorBraun's footprint in the DACH region (Germany, Austria, Switzerland) and further enhance its capabilities in the European market. Euroglas and Glaspack, both founded in 1992, are family-owned businesses known for their quality and innovation in glass packaging solutions for the food, beverage, and alcohol sectors. TricorBraun's operational scale and expertise, combined with the strong market presence of Euroglas and Glaspack, are expected to provide significant growth opportunities for their European clients. All team members from Euroglas and Glaspack will remain as part of TricorBraun, continuing operations from their existing locations. Financial advisor Proventis Partners and legal advisor Linklaters assisted TricorBraun in this transaction.
Sectors
- Packaging
- Manufacturing
Geography
- Europe – The acquisitions involve European companies, and the expansion specifically targets the DACH region, enhancing TricorBraun's operations and influence in Europe.
- DACH Region – This includes Germany, Austria, and Switzerland, where the acquired companies are based, and where TricorBraun plans to strengthen its market presence.
Industry
- Packaging – This industry is relevant as TricorBraun, Euroglas, and Glaspack are all involved in providing packaging solutions, specifically focusing on glass packaging for various sectors.
- Manufacturing – The companies involved are part of the manufacturing sector, as they are engaged in the production and distribution of packaging materials.
Financials
- – The article does not provide specific financial details such as the deal value or revenue figures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TricorBraun | Bidding Company | Company | A global leader in packaging, headquartered in St. Louis, involved in the acquisition of Euroglas and Glaspack. |
| Euroglas | Target Company | Company | A major European glass packaging supplier, based in Germany, involved in the transaction. |
| Glaspack | Target Company | Company | An Austrian distributor of glass packaging solutions, specializing in wine packaging. |
| Proventis Partners | Financial Advisor | Company | A financial advisory firm that assisted TricorBraun in the transaction. |
| Linklaters | Legal Advisor | Company | A legal firm that provided legal counsel to TricorBraun for the acquisition. |