US-based primary packaging supplier TricorBraun has agreed to acquire PB Packaging, an Australian company that provides plastic and glass packaging.

A wholly owned subsidiary of Pro-Pac Packaging, PB supplies rigid packaging for the health, industrial, food and automotive industries.

The financial terms of the transaction have not been disclosed.

TricorBraun president and CEO Court Carruthers said: “We are excited to grow our business in Australia, offering customers expanded solutions and supply chain options.

“The PB Packaging team’s dedication to innovation, quality and exceptional customer service make them an ideal fit.

“We are pleased to welcome PB Packaging to the TricorBraun family, and we look forward to investing in its continued growth.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal is expected to complete in the second quarter of this year subject to customary completion conditions being met, including approval from the Australian Foreign Investment Review Board.

Following the acquisition, PB Packaging will operate as a stand-alone business under the name PB Packaging, a TricorBraun company.

TricorBraun will retain the company’s current leadership team and offer positions to all 140 of its employees.

PB Packaging executive general manager Andrew Allsop said: “Over the last 32 years, we’ve solidified our reputation as one of the most respected distributors of packaging materials and services in Australia.

“We look forward to continuing our service to customers, with TricorBraun’s support, resources and investments in our growth.”

In October last year, TricorBraun acquired Cormack Packaging, a company that supplies rigid packaging in Australia and New Zealand.

Last week, the company agreed to acquire US-based flexible packaging distributor PBFY from Pacific Western Sales (PWS) for an undisclosed sum.

PBFY provides flexible packaging services for brands in the food, coffee, tea and health and beauty sectors.

TricorBraun will integrate the company into its flexible packaging business, TricorBraun Flex, following the acquisition.