TricorBraun to acquire Price Container and Packaging
TricorBraun, a North American packaging distributor, has entered into an agreement to acquire Price Container and Packaging, a rigid packaging distributor serving primarily the industrial and food markets.
Effective with the closing of the transaction, Price Container and Packaging will operate as Price Container, a TricorBraun company.
Court Carruthers, president and CEO for TricorBraun, highlighted that the acquisition will add to the company’s range of packaging solutions while expanding its industrial presence, and continued: “As we continue to provide essential, quality packaging, we look forward to serving customers with their industrial and other market needs.”
Ryan Price, owner of Price Container, will move into an important role in executing TricorBraun’s strategy to create a new industrial packaging platform. All Price Container team members will remain with TricorBraun, and will continue to work out of the company’s existing locations in the Salt Lake City and southwest Washington areas.
Price added: “This is a very exciting time in Price Container’s 22-year history. We’re proud to join a respected packaging leader, and with TricorBraun’s expansive reach, as well as commercial and operational excellence, we can grow while offering expanded services to our customers. I also look forward to our work with our supplier partners, which continues to be an important focus.”
The acquisition of Price Container is expected to close this September, and will mark TriconBraun’s eighth acquisition in the last three years.