TricorBraun Expands European Presence with Euroglas and Glaspack Acquisition
Deal News (Announced) | Mar 31, 2025 | PR Newswire Cision TricorBraun
TricorBraun, a global leader in packaging, has successfully completed the acquisition of two European companies, namely Euroglas in Germany and Glaspack in Austria. The purchase aims to expand TricorBraun's presence within the DACH region, encompassing Germany, Austria, and Switzerland. The strategic move intends to leverage Euroglas' and Glaspack's strong market positions in glass packaging for the food, beverage, spirits, and wine sectors. TricorBraun's COO Mark O'Bryan expressed enthusiasm in integrating the two well-respected companies and expanding their collective reach in the European market. While specific financial details were not disclosed, the acquisition appears to align with TricorBraun’s objective of scaling global operations. Proventis Partners served as the financial advisor, with Linklaters as the legal advisor in the transaction. Both Euroglas and Glaspack are established family-run businesses founded in 1992. Their integration into TricorBraun is seen as an opportunity to augment market reach and enhance service capabilities by leveraging the company’s global footprint.
Sectors
- Packaging
- Mergers and Acquisitions
Geography
- Germany – Euroglas, one of the companies acquired, is based in Germany, making it a focal geography for the transaction.
- Austria – Glaspack, the other company involved in the acquisition, is located in Austria.
- DACH region – The acquisition significantly impacts the DACH region (Germany, Austria, Switzerland), where TricorBraun aims to expand its market presence.
Industry
- Packaging – The article discusses a major acquisition in the packaging sector, highlighting how TricorBraun is expanding its European operations by acquiring two packaging companies.
- Mergers and Acquisitions – TricorBraun's acquisition of Euroglas and Glaspack falls under Mergers and Acquisitions, a key theme of the article.
Financials
- Not disclosed – The financial terms of the acquisition have not been publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TricorBraun | Acquirer | Company | A global packaging leader known for solving complex packaging problems, headquartered in St. Louis. |
| Euroglas | Target | Company | A leading supplier of glass packaging based in Germany, providing stock and custom packaging for the food, beverage, and spirits sectors. |
| Glaspack | Target | Company | A major supplier of wine packaging in Austria, also dealing with stock and custom packaging for wine, beer, and food sectors. |
| Proventis Partners | Financial Advisor | Company | Member of Mergers Alliance, served as financial advisor to TricorBraun in the transaction. |
| Linklaters | Legal Advisor | Company | Provided legal advisory services to TricorBraun for the acquisition. |
| Mark O'Bryan | COO | Person | Chief Operating Officer of TricorBraun, commented on the strategic importance of the acquisition. |
| Cristoph Jäckle | Managing Director | Person | Managing Director of Euroglas, expressed excitement about joining TricorBraun. |
| Johannes Jäckle | Head of Sales | Person | Head of Sales at Glaspack, spoke on the benefits of partnering with TricorBraun. |