In a joint effort, an international team of Mergers Alliance member firms is supporting TricorBraun, the largest North American packaging distributor, on its strategic growth process. In this context, Proventis Partners advised TricorBraun on the acquisition of German glass distributor Gläser & Flaschen GmbH
Founded in 1902, TricorBraun is a global packaging leader and North America’s largest distributor of primary packaging. It provides innovative solutions across a wide array of customer end markets in plastic, glass, and aluminum containers, closures, dispensers, tubes, and flexibles. Its award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. TricorBraun is comprised of more than 2,000 packaging professionals operating from more than 100 locations across the Americas, Europe, Asia, and Australia. Since its founding, TricorBraun has partnered with management teams to successfully acquire and further accelerate growth for 37 packaging companies globally.
The acquisition of the German glass packaging company, Gläser & Flaschen GmbH, extends TricorBraun’s European presence to Germany and strengthens its position as a leading packaging provider in Europe.
“Gläser & Flaschen has built a strong business known for its quality, innovation, and technical ex-pertise,” said Declan McCarthy, president, TricorBraun Europe. “We are pleased to partner with the outstanding Gläser & Flaschen team to offer more supply chain options to customers, while investing in their continued growth and expansion. We welcome Gläser & Flaschen to the Tricor-Braun family.”
Serving customers for nearly 20 years, Gläser & Flaschen is a leading provider of high-quality glass packaging for the growing preserved food market. The company operates from a state-of-the-art distribution and operations center in Wustermark (Brandenburg, Germany).
All Gläser & Flaschen team members will remain with TricorBraun and continue to work out of the company’s existing location. Effective upon closing of the transaction, Gläser & Flaschen will operate as Gläser & Flaschen, a TricorBraun company.