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 successful acquisitions of Euroglas and Glaspack, which are Germany and Austria-based providers of rigid packaging solutions. This strategic move significantly strengthens TricorBraun's footprint in the DACH region—comprising Germany, Austria, and Switzerland—and enhances its capabilities in delivering high-quality and customized packaging solutions. Euroglas, established in 1992, focuses on glass packaging for sectors such as food and beverages, while Glaspack specializes in wine and brewery packaging solutions. TricorBraun's COO, Mark O'Bryan, expressed satisfaction in integrating these reputable firms into the TricorBraun family, emphasizing the potential for joint growth in the European market. The acquisition aligns with TricorBraun's strategy to leverage its global reach in collaboration with strong local brands. Proventis Partners facilitated the financial advisory, while Linklaters provided legal counsel. Financial details of the transaction remain undisclosed.
Sectors
- Packaging
- Manufacturing
Geography
- Germany – Euroglas, one of the acquired companies, is based in Germany, making this country relevant for the article.
- Austria – Glaspack, another acquired entity, is located in Austria, highlighting its geographical significance.
- DACH Region – TricorBraun aims to expand its presence in the DACH region, which includes Germany, Austria, and Switzerland.
Industry
- Packaging – The article discusses acquisitions by TricorBraun in the packaging sector, specifically in rigid packaging solutions, indicating involvement in this industry.
- Manufacturing – Euroglas and Glaspack operate in the manufacturing sector, particularly in the production of glass and other packaging materials for food, beverages, and alcoholic drinks.
Financials
- Not Disclosed – The financial terms of the acquisition deal between TricorBraun, Euroglas, and Glaspack were not revealed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TricorBraun | Acquiring Company | Company | A global leader in packaging solutions, providing a wide range of packaging products around the world. |
| Euroglas | Target Company | Company | A German company providing high-quality glass packaging solutions, founded in 1992. |
| Glaspack | Target Company | Company | An Austrian company specializing in wine, beer, and food packaging solutions. |
| Proventis Partners | Financial Advisor | Company | Provided financial advisory services to TricorBraun for the acquisition. |
| Linklaters | Legal Advisor | Company | Served as legal advisor to TricorBraun in the acquisition process. |