TricorBraun Expands Reach in European Market with Acquisition of Euroglas and Glaspack
TricorBraun Expands Its European Portfolio by Acquiring Euroglas and Glaspack
In an exciting strategic move, TricorBraun, a renowned global leader in packaging solutions, has just revealed its agreement to acquire two prominent European packaging providers: Euroglas and Glaspack. Both companies have a well-established reputation in the market and now will become part of TricorBraun, further solidifying its footprint in the DACH region, which encompasses Germany, Austria, and Switzerland.
A New Chapter in Packaging Solutions
The announcement was made on January 8, 2025, as TricorBraun aims to leverage the strengths of Euroglas and Glaspack. These acquisitions are expected to deliver innovative packaging solutions and enhance customer service levels across Europe. Mark O'Bryan, the Chief Operating Officer of TricorBraun, emphasized the significance of this venture, stating, "Euroglas and Glaspack are recognized for their quality, innovation, and customer service, and they have built longstanding businesses with impressive reputations. Our collaboration will provide new opportunities to support our customers’ growth in Europe."
Both Euroglas and Glaspack were established in 1992 as family-run businesses. Euroglas has positioned itself as one of Europe’s leading suppliers of high-quality glass packaging, serving the food, beverage, and spirits sectors with both stock and custom packaging options. On the other hand, Glaspack has made its mark as a top distributor in Austria, specializing in packaging solutions for wine, beer, and various foods, thereby becoming the leading supplier of wine packaging in the Austrian market.
Enhancing Global Synergies
The leaders of both Euroglas and Glaspack expressed enthusiasm over this acquisition, highlighting the numerous benefits that come from joining forces with TricorBraun. Cristoph Jäckle, the Managing Director of Euroglas, voiced his excitement, stating, "Joining TricorBraun is an exciting new chapter for us. By collaborating, we can access global resources and expertise while remaining committed to quality and local customer service."
Johannes Jäckle, Head of Sales at Glaspack, shared a similar sentiment by saying, "We are thrilled to bring our passion for packaging to TricorBraun as we embark on the next phase of our growth. The world-class reputation of TricorBraun, along with its dedication to employee and customer support, makes it the perfect home for our team."
A Commitment to Stability and Growth
Importantly, all team members from Euroglas and Glaspack will continue their roles within TricorBraun, working from their current locations. After the completion of the acquisition, which is expected to finalize in the first quarter of 2025, both companies will be branded under the TricorBraun name, further enhancing the global identity of the company.
TricorBraun has a long-standing history, having been founded in 1902. The company has acquired numerous packaging businesses globally to accelerate growth and expand its service offerings. These acquisitions signify TricorBraun’s commitment to scaling its operations while delivering exceptional service and innovative solutions to its customers.
As this merger moves forward, industry observers anticipate it will not only elevate TricorBraun's market position but also inspire other companies within the packaging industry to consider strategic partnerships that foster growth and advance innovation.
About the Companies
TricorBraun
TricorBraun has emerged as a global leader in packaging, boasting a network of over 2,200 packaging professionals across more than 100 locations worldwide, including regions in the Americas, Europe, Asia, and Australia. The company is noted for addressing complex packaging challenges, paving the way for clients to thrive in their respective markets.
Euroglas
Established in 1992, Euroglas is a prestigious supplier of high-quality glass packaging across Europe, offering a diverse range of sustainable packaging solutions tailored for various sectors, including food and beverages.
Glaspack
Also founded in 1992, Glaspack specializes in delivering both standard and bespoke packaging solutions in Austria, catering to the wine, beer, and food industries, and is recognized as a leading packaging distributor in the region.