TricorBraun Expands European Footprint with Euroglas and Glaspack Acquisition
Deal News (Announced) | Mar 31, 2025 | PR Newswire Cision TricorBraun
TricorBraun, a leading global packaging company, has successfully completed the acquisition of Euroglas and Glaspack, two family-owned companies based in Germany and Austria respectively. The transaction enhances TricorBraun's presence in the DACH region, which includes Germany, Austria, and Switzerland. Euroglas and Glaspack, both established in 1992, are recognized for their high-quality glass packaging solutions, particularly for food, beverage, and spirits sectors. The acquisitions align with TricorBraun's strategy of expanding its European market reach. TricorBraun COO, Mark O'Bryan, expressed enthusiasm for welcoming the companies and leveraging synergies for customer growth across Europe. The specific financial terms of the deal weren't disclosed. Advisors for the transaction included Proventis Partners and Linklaters as financial and legal consultants, respectively.
Sectors
- Packaging Industry
- Food and Beverage Industry
Geography
- Germany – Germany is home to Euroglas, one of the acquired companies, and is part of the DACH region focus.
- Austria – Austria is home to Glaspack, one of the acquired companies, and is part of the DACH region focus.
- DACH Region – The acquisitions aim to expand TricorBraun's presence in the DACH region, which includes Germany, Austria, and Switzerland.
Industry
- Packaging Industry – The acquisition involves companies specialized in packaging solutions for various European markets.
- Food and Beverage Industry – Euroglas and Glaspack provide packaging solutions for the food and beverage sector, targeting products like wine, beer, and spirits.
Financials
- Not disclosed – The financial terms of the acquisition were not made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TricorBraun | Bidding Company | Company | A global leader in the packaging industry, acquiring Euroglas and Glaspack to expand its European footprint. |
| Euroglas | Target Company | Company | A German company known for high-quality glass packaging solutions for the food, beverage, and spirits industry. |
| Glaspack | Target Company | Company | An Austrian packaging company specializing in wine, beer, and food sectors, particularly in Austria. |
| Proventis Partners | Financial Advisor | Company | Provided financial advisory services to TricorBraun during the acquisition. |
| Linklaters | Legal Advisor | Company | Provided legal advisory services to TricorBraun during the acquisition. |
| Mark O'Bryan | COO of TricorBraun | Person | Commented on the acquisition, highlighting the expansion of TricorBraun's presence in Europe. |
| Cristoph Jäckle | Managing Director of Euroglas | Person | Expressed optimism about joining TricorBraun and enhancing service capabilities. |
| Johannes Jäckle | Head of Sales at Euroglas | Person | Highlighted the benefits of joining TricorBraun's global network for delivering quality packaging. |