TricorBraun is an American designer and distributor of rigid
packaging
Packaging is the science, art and technology of enclosing or protecting products for distribution, storage, sale, and use. Packaging also refers to the process of designing, evaluating, and producing packages. Packaging can be described as a co ...
.
[Barr, Diana]
"St. Louis packaging company names new executive".
''St. Louis Business Journal.'' July 14, 2017. Retrieved May 27, 2018. Founded in 1902, it was acquired by CHS Capital and Management in 1999 and by
AEA Investors in 2016. In 2016 and 2017, the company stated that it had approximately $1 billion in annual revenues.
History
The company was founded in
Missouri
Missouri is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Ranking List of U.S. states and territories by area, 21st in land area, it is bordered by eight states (tied for the most with Tennessee ...
in 1902, and is currently headquartered in
St. Louis. According to the ''
St. Louis Post-Dispatch
The ''St. Louis Post-Dispatch'' is a major regional newspaper based in St. Louis, Missouri, serving the St. Louis metropolitan area. It is the largest daily newspaper in the metropolitan area by circulation, surpassing the ''Belleville News-Dem ...
'', it was the twenty-sixth largest corporation based in the greater St. Louis area in 2018.
As of 2008, the company had thirty-two offices in North America and Asia, and as of 2017 the company had about forty locations, including offices outside of North America in London, UK; Mumbai, India; Guangzhou, China; Hong Kong; and Mexico.
The company employs about one thousand people overall, and has annual sales of about $1 billion in rigid plastic packaging. Its packaging largely consists of blow molded containers, in addition to some thermoformed packaging.
Packaging is produced in both glass and plastic, and includes containers, closures, dispensers, tubes, and other types of packaging. TricorBraun also has a research and development section, which develops new forms of packaging for industries like cosmetics.
Acquisitions
CHS Capital and Management acquired TricorBraun in 1999. CHS sold the company to
AEA Investors in 2004, repurchased it in 2006, and sold it again to AEA in November 2016.
In 2016, TricorBraun itself purchased The Packaging Design Group.
In 2017 the TricorBraun acquired Taipak, a Canadian company that manufactures flexible packaging, entering the flexible packaging market for the first time. That year TricorBraun also acquired the Pennsylvania-based Continental Packaging Associates, and the Canadian firm Salbro.
It also began a partnership with Amfora, forming TricorBraun South America SAS. Between the mid-1990s and now, the company has acquired fourteen different companies. In August 2023, it was announced TricorBraun had acquired the
Longmont-headquartered aluminum cans and packaging supplies company, CanSource.
In 2017 Court Carruthers became the president and CEO of the company, replacing Keith Strope, who had held the positions since 2002. Strope is now the company’s executive chairman, and the chairman emeritus is Ken Kranzberg.
References
{{reflist
External links
Official WebsiteLefobox Packaging
Companies based in St. Louis
1902 establishments in Missouri
Packaging companies of the United States