Ringmetall has purchased Rapak, a bag-in-box packaging and filling systems producer, from TriMas.
Financial terms of the deal remain undisclosed.
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The transaction was announced by investment banking company Woodward Park Partners, which advised TriMas on the deal.
The acquisition brings Ringmetall into the North American bag-in-box market.
Rapak is headquartered in Woodridge, Illinois, and has operations in Indianapolis, Indiana. It develops bag-in-box packaging and filling systems for liquid food, beverage, and industrial applications.
TriMas acquired Rapak in 2020 and subsequently included the business within its TriMas Packaging group.
TriMas operates via the TriMas packaging and speciality products groups, supplying products to the consumer packaging, life sciences, and industrial markets. The company has approximately 2,500 employees in 12 countries.
TriMas president and CEO Thomas Snyder said: “We are also pleased to have found a strong strategic owner for Rapak, and one that is well-positioned to support the business’ continued growth and success going forward.”
Ringmetall is headquartered in Munich, Germany. Its industrial packaging operations manufacture closure systems and inner liners for industrial drums used in the chemical, pharmaceutical, and food processing industries.
The company supplies packaging solutions for the beverage industry, with production and sales locations in Europe, China, the US, and South Africa.
In April, Ringmetall purchased the thermoforming division of New England Plastics, based in New Bedford, Massachusetts, via an asset deal.
The acquired business supplies rigid and form liners, tote liners and other thermoformed components used in industrial packaging.
