Acquisition of PB Packaging

Canterbury Partners is pleased to have advised global packaging leader TricorBraun on its successful acquisition of PB Packaging (“PB”), a leading Australian provider of plastic and glass packaging, from Pro-Pac Packaging Limited (ASX: PPG). The acquisition grows TricorBraun’s presence in Australia and continues the company’s global expansion.

Founded in 1902, TricorBraun is a global packaging leader and North America’s largest distributor of primary packaging. It provides innovative solutions across a wide array of customer end markets in plastic, glass, and aluminium containers, closures, dispensers, tubes, and flexibles. Its award-winning Design & Engineering Centre provides forward-thinking design, driven by consumer insight and creative solutions. It leverages its global supply chain expertise, expansive and sustainable footprint, and unmatched purchasing power to identify the best sourcing partners and cost-effective solutions for its customers. TricorBraun is comprised of more than 2,000 packaging professionals operating from more than 100 locations across the Americas, Europe, Asia, and Australia.

Since its founding, TricorBraun has partnered with management teams to successfully acquire and further accelerate growth for 36 packaging companies globally.

TricorBraun established its footprint in the APAC region with its acquisition of Cormack Packaging in September 2021. PB represents a highly complementary acquisition, given it’s strong market position as a one-stop shop for rigid packaging needs, serving customers in the health, industrial, food, and automotive industries.

“We are pleased to expand our services to customers in Australia, while supporting PB Packaging’s growth,” said Court Carruthers, president and CEO, TricorBraun. “The PB team shares our strong commitment to innovation, quality, and exceptional customer service, and we are happy to officially welcome them to the TricorBraun family.”