Rigid packaging manufacturer TricorBraun has entered an agreement to acquire US-based company The Packaging Design Group (PDG).
Under the terms of the agreement, PDG will be assimilated as another division of TricorBraun with access to all its resources.
The contract also covers the acquisition of PDG’s UK-based wholly owned subsidiary Packaging Design.
The Packaging Design Group founding partner Kenneth Gillman: "TricorBraun has an excellent reputation, like us, for being very focused on serving our customers.
"Being part of a like-minded organisation the size of TricorBraun will present opportunities and advantages for our current customers."
After the acquisition, the company will continue to operate under its current name.
Founded in 1995, PDG provides packaging solutions to the pharmaceutical, personal care, and food and beverage industries, among others.
TricorBraun president and CEO Keith J Strope said: "The Packaging Design Group is a perfect fit for what we’re trying to accomplish. Integrity and talent have always been the cornerstone of our growth. The folks at The Packaging Design Group have plenty of both.
"Their extensive knowledge and experience along with their customer service focus are what make them so attractive.
"The wholly-owned UK subsidiary, Packaging Design Limited, is also part of the deal and strengthens our presence in Europe. This addition to the family will definitely allow all of us to do more for all of our customers."
TricorBraun offers packaging options, including bag-in-box packaging, digital labels, drykeep desiccant materials and sprayers, as well as SprayGuard packaging for spray-on products.
The company primarily focuses on packaging for personal care products, cosmetics, healthcare products, food and beverages, and industrial and household chemicals.