TricorBraun Finalizes Acquisition of Euroglas and Glaspack
Deal News | Mar 31, 2025 | PR Newswire Cision TricorBraun
TricorBraun, a global leader in packaging solutions, has finalized the acquisition of Euroglas and Glaspack, distributors of rigid packaging solutions in Europe. This acquisition marks an expansion of TricorBraun's presence in the DACH region, comprising Germany, Austria, and Switzerland. With headquarters in Germany and Austria, Euroglas and Glaspack are prominent providers of glass packaging for various sectors, including food, beverages, spirits, wine, and beer. Founded in 1992, these family-owned businesses are known for their high-quality packaging and exceptional customer service. Mark O'Bryan, COO of TricorBraun, expressed enthusiasm for this expansion, acknowledging the quality and service orientation of the acquired companies. The acquisition aligns with TricorBraun's strategy to enhance its market presence and service delivery in Europe. While financial details were not disclosed, the advisory roles were held by Proventis Partners and Linklaters. TricorBraun continues to leverage its global reach and expertise, supported by its team of over 2,200 packaging professionals worldwide.
Sectors
- Packaging
- Manufacturing
Geography
- Germany – Euroglas, one of the companies acquired by TricorBraun, is based in Germany.
- Austria – Glaspack, another company acquired, is based in Austria, illustrating the geographical reach within the DACH region.
- DACH Region – The acquisition strengthens TricorBraun's presence in the DACH region, which includes Germany, Austria, and Switzerland.
- Europe – TricorBraun aims to expand its footprint across Europe through these strategic acquisitions.
Industry
- Packaging – The article discusses the acquisition by TricorBraun, a global packaging leader, of Euroglas and Glaspack, which are distributors of rigid packaging solutions in Europe.
- Manufacturing – Euroglas and Glaspack are involved in the manufacturing and distribution of glass packaging for various industries like food, beverages, and spirits.
Financials
- Not Disclosed – The financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TricorBraun | Bidding Company | Company | A global leader in packaging solutions, acquiring Euroglas and Glaspack to expand its European presence. |
| Euroglas | Target Company | Company | Based in Germany, a leading European supplier of high-quality glass packaging. |
| Glaspack | Target Company | Company | Based in Austria, a key supplier of glass packaging solutions, particularly for the wine market. |
| Proventis Partners | Financial Advisor | Company | Acted as the financial advisor for TricorBraun in the transaction. |
| Linklaters | Legal Advisor | Company | Provided legal advisory services to TricorBraun in the acquisition process. |
| Mark O'Bryan | COO | Person | Chief Operating Officer of TricorBraun, expressing enthusiasm over the acquisition. |
| Cristoph Jäckle | Managing Director | Person | Managing Director of Euroglas, expressing optimism about joining TricorBraun. |
| Johannes Jäckle | Sales Director | Person | Sales Director, expressing commitment to leveraging TricorBraun's global reach for better client outcomes. |