TricorBraun Strengthens DACH Region with Euroglas and Glaspack Acquisitions
Deal News | Jan 08, 2025 | PR Newswire Cision TricorBraun
TricorBraun, a global leader in packaging, has announced its agreement to acquire Euroglas and Glaspack, two prominent packaging providers in Europe, based in Germany and Austria, respectively. This strategic acquisition aims to strengthen TricorBraun's presence in the DACH region, comprising Germany, Austria, and Switzerland. Euroglas and Glaspack are well-regarded for their quality, innovation, and customer service, providing bespoke and standard packaging solutions primarily in the food, beverage, and alcoholic beverages sectors. With these acquisitions, TricorBraun is poised to offer enhanced supply chain and regional reach, ensuring customers' growth opportunities within Europe. The transaction, subject to regulatory approval, is expected to close in the first quarter of 2025. Financial advisory was provided by Proventis Partners and Linklaters acted as legal advisor.
Sectors
- Packaging
- Manufacturing
- Food and Beverage
Geography
- Germany – Euroglas is based in Germany, which makes this geography significant to the acquisition details discussed.
- Austria – Glaspack is based in Austria, which highlights Austria's relevance in the geographical scope of the transactions.
- United States – TricorBraun, the acquiring company, is headquartered in the United States, making it a critical geography for this transaction.
Industry
- Packaging – The article centers on TricorBraun, Euroglas, and Glaspack, companies that are specialized in packaging solutions for various sectors including food, beverages, and alcoholic drinks.
- Manufacturing – Euroglas and Glaspack are involved in the manufacturing of glass and other rigid packaging solutions, making this industry relevant to the acquisitions.
- Food and Beverage – Both Euroglas and Glaspack provide packaging specifically designed for the food and beverage industry, highlighting their significance within this sector.
Financials
- – The article does not disclose the financial terms or amounts associated with the acquisition of Euroglas and Glaspack by TricorBraun.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TricorBraun | Acquirer | Company | Founded in 1902, TricorBraun is a global leader in packaging solutions with over 2,200 professionals worldwide. |
| Euroglas | Target Company | Company | Founded in 1992, Euroglas is a leading European provider of high-quality glass packaging solutions. |
| Glaspack | Target Company | Company | Founded in 1992, Glaspack is a major Austrian distributor of packaging solutions specializing in wine and beer. |
| Proventis Partners | Financial Advisor | Company | Member of Mergers Alliance, acted as TricorBraun's financial advisor in this deal. |
| Linklaters | Legal Advisor | Company | Provided legal advisory services to TricorBraun for the transaction. |