Acquisition of Plas-Pak

Canterbury Partners is pleased to have advised global packaging leader TricorBraun on its acquisition of Perth-based Plas-Pak WA, a plastic packaging distributor and manufacturer. Plas-Pak WA provides an expansive range of plastic packaging components for customers in Australia and New Zealand across several industries, including food, beverage, nutraceutical, pharmaceutical, agriculture, chemical, and industrial.

Since its founding, TricorBraun has partnered with management teams to successfully acquire and further accelerate growth for 42 packaging companies globally. TricorBraun established its footprint in the APAC region with its acquisition of Cormack Packaging in September 2021 and PB Packaging in June 2022. The acquisition of Plas-Pak extends TricorBraun’s Australian footprint to Western Australia.

“Over the last four decades, Plas-Pak WA has built an exceptional reputation for innovation with a strong focus on sustainable products,” said Andrew Allsop, managing director, TricorBraun ANZ. “This acquisition enables us to build on our customer service commitment in Western Australia, while offering our customers expanded services. We welcome the Plas-Pak WA team to the TricorBraun family, and we look forward to investing in the company’s continued growth.”