TricorBraun Enhances Portfolio with Acquisition of Veritiv's Rigid Containers

TricorBraun Enhances Its Offerings through Strategic Acquisition

TricorBraun, a leading player in the global packaging industry, has marked a significant milestone by successfully acquiring the rigid containers division from Veritiv, a well-established name in packaging solutions. This strategic move, finalized on January 31, 2025, supports TricorBraun's mission to strengthen its presence in the North American market and broaden its array of packaging solutions.

The acquisition was initially publicized on December 9, 2024. TricorBraun's President and CEO, Court Carruthers, expressed enthusiasm regarding this new addition to their portfolio. He highlighted that this acquisition will not only consolidate the company's already formidable packaging offerings but will also provide enhanced services and supply chain capabilities to its diverse customer base. Carruthers stated, "We are pleased to grow our industry-leading primary packaging offering, providing customers with expanded services and supply chain options."

A New Chapter for Veritiv Containers

Veritiv Containers, previously known as All American Containers, is highly regarded in the realm of rigid packaging solutions. Their vast experience and expertise cater to several sectors, including food and beverage, wine and spirits, personal care, nutraceuticals, and industrial applications. Adding Veritiv’s containers division allows TricorBraun to tap into these markets more effectively and deliver innovative solutions to its clients.

With the addition of Veritiv Containers, TricorBraun will expand its footprint, incorporating seven more locations and over 500,000 square feet of capacity to its extensive network. This significant growth positions TricorBraun as an even more formidable entity in the competitive landscape of packaging.

Financial Overview

While the financial details of the acquisition have not been disclosed, the impact of this move on TricorBraun's operational capacities and market reach is anticipated to be substantial. The transaction underscores the company’s strategic intent to adapt and grow amidst an ever-evolving packaging landscape that demands innovation and efficiency.

Advisor Contributions

In terms of advisory support during the acquisition, Guggenheim Securities, LLC served as the financial advisor, while the legal advisory was provided by Sullivan & Cromwell LLP. Their expertise ensured a smooth transition and commitment to regulatory compliance throughout the acquisition process.

About TricorBraun

Founded in 1902, TricorBraun has established itself as a global leader in packaging solutions. With over 2,000 professionals operating from more than 100 locations across the Americas, Europe, Asia, and Australia, TricorBraun continues to leverage its scale and comprehensive services to address complex packaging challenges. The company prides itself on delivering top-tier packaging solutions that help its customers succeed in the marketplace.

In conclusion, TricorBraun's acquisition of Veritiv's rigid containers business represents a vital step in enhancing its industry stature and customer service capabilities. This development is poised to foster further growth and innovation, providing exciting new opportunities for clients and partners alike.