TricorBraun Completes Acquisition of Euroglas and Glaspack
Deal News | Mar 31, 2025 | PR Newswire Cision TricorBraun
TricorBraun, a global leader in packaging solutions, has announced the completion of its acquisition of two European companies, Euroglas and Glaspack. These firms, based in Germany and Austria respectively, specialize in providing high-quality glass packaging solutions for the European market, particularly the food, beverage, and alcohol industries. This strategic acquisition aims to strengthen TricorBraun’s presence in the DACH region—comprising Germany, Austria, and Switzerland—and complement its global distribution and service capabilities. Both Euroglas and Glaspack have been family-run businesses since their inception in 1992, known for their commitment to exceptional customer service and quality. The financial terms of the deal remain undisclosed. The acquisition was facilitated with Proventis Partners serving as financial advisers and Linklaters as legal advisers to TricorBraun. TricorBraun, established in 1902, operates in over 100 locations worldwide with a workforce of more than 2,200 packaging professionals.
Sectors
- Packaging
- Private Equity
- Manufacturing
Geography
- Germany – Euroglas, a key player in the acquisition, is based in Germany, which is part of the DACH region targeted by TricorBraun.
- Austria – Glaspack, another key entity in the acquisition, is headquartered in Austria, complementing TricorBraun's strategic interests in the region.
- DACH Region – The acquisition's goal is to strengthen TricorBraun's presence in the DACH region, comprising Germany, Austria, and Switzerland.
Industry
- Packaging – The article discusses TricorBraun's acquisition of Euroglas and Glaspack, both of which are companies involved in packaging solutions, particularly glass packaging.
- Private Equity – The strategic acquisition by TricorBraun involves typical private equity activities such as consolidation and expansion in specific geographic markets.
- Manufacturing – Euroglas and Glaspack are involved in the manufacturing sector by producing glass packaging solutions for various industries.
Financials
- Not Disclosed – The financial terms of the acquisition deal between TricorBraun and Euroglas & Glaspack have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TricorBraun | Bidding Company | Company | A global leader in packaging, engaged in the acquisition of Euroglas and Glaspack to expand its presence in the DACH region. |
| Euroglas | Target Company | Company | A German-based provider of high-quality glass packaging solutions for the European market. |
| Glaspack | Target Company | Company | An Austrian company specializing in customized and standard glass packaging solutions, especially for the wine sector. |
| Proventis Partners | Financial Advisor | Company | Served as the financial advisor for TricorBraun in the transaction. |
| Linklaters | Legal Advisor | Company | Provided legal counsel to TricorBraun for the acquisition process. |
| Mark O'Bryan | COO | Person | COO of TricorBraun, involved in announcing the completed acquisition. |
| Cristoph Jäckle | Managing Director | Person | Managing Director of Euroglas, commented positively on joining TricorBraun. |
| Johannes Jäckle | Sales Head | Person | Head of Sales at Euroglas, highlighted benefits of the partnership with TricorBraun. |