TricorBraun Expands European Presence with Euroglas and Glaspack Acquisition
Deal News | Jan 08, 2025 | PR Newswire Cision TricorBraun
TricorBraun, a leading global provider of packaging solutions headquartered in St. Louis, has announced its strategic acquisition of two European packaging distributors: Germany-based Euroglas and Austria-based Glaspack. This move is set to expand TricorBraun's footprint in the DACH region (Germany, Austria, Switzerland), further solidifying its position in the European market. Established in 1992, both Euroglas and Glaspack are recognized for their innovative packaging solutions in the food, beverage, and spirits sectors. The acquisition, expected to close in the first quarter of 2025 pending regulatory approval, ensures that Euroglas and Glaspack will continue to operate under their established brands as subsidiaries of TricorBraun. The seamless integration is planned with all existing employees set to retain their positions. TricorBraun has enlisted the expertise of Proventis Partners for financial advice and Linklaters for legal assistance during this transaction.
Sectors
- Packaging Industry
- Mergers and Acquisitions
Geography
- Germany – The country where Euroglas is located and part of the DACH region affected by the acquisition.
- Austria – The country where Glaspack is based and part of the DACH region impacted by the acquisition.
- United States – The home country of TricorBraun, the acquiring company headquartered in St. Louis.
Industry
- Packaging Industry – The acquisition involves companies specializing in providing packaging solutions for various industries including food, beverage, spirits, and more.
- Mergers and Acquisitions – The article discusses the acquisition of Euroglas and Glaspack by TricorBraun, showcasing a strategic business transaction in the packaging sector.
Financials
- – The financial terms of the acquisition deal were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TricorBraun | Acquiring Company | Company | A leading international provider of packaging solutions based in St. Louis, USA. |
| Euroglas | Target Company | Company | A Germany-based distributor of glass packaging, specializing in solutions for food, beverage, and spirits sectors. |
| Glaspack | Target Company | Company | An Austria-based distributor of packaging, particularly known for its offerings in the wine, beer, and food sectors. |
| Proventis Partners | Financial Advisor | Company | A member of Mergers Alliance, serving as the financial advisor to TricorBraun for this transaction. |
| Linklaters | Legal Advisor | Company | Providing legal advisory services to TricorBraun in the acquisition of Euroglas and Glaspack. |