TricorBraun to Acquire German Glass Packaging Distributor - Modern Distribution Management

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TricorBraun to Acquire German Glass Packaging Distributor

The acquisition of Gläser & Flaschen GmbH extends TricorBraun's European presence, the company announced Oct. 7.
St. Louis-based global packaging provider TricorBraun announced its acquisition of PB Packaging, an Australian provider of plastic and glass packaging. Appoints New CFO, Europe President

St. Louis-based packaging distributor TricorBraun said Oct. 7 it has signed an agreement to acquire German glass packaging distributor Gläser & Flaschen GmbH.

In a news release, TricorBraun said the acquisition extends its European presence and strengthens its position as a leading packaging provider in Europe. Financial terms of the agreement were not disclosed.

“Gläser & Flaschen has built a strong business known for its quality, innovation, and technical expertise,” said Declan McCarthy, president of TricorBraun Europe. “We are pleased to partner with the outstanding Gläser & Flaschen team to offer more supply chain options to customers, while investing in their continued growth and expansion. We welcome Gläser & Flaschen to the TricorBraun family.”

All Gläser & Flaschen team members will remain with TricorBraun and continue to work out of the company’s existing location, according to the news release. Once the deal closes, Gläser & Flaschen will operate as Gläser & Flaschen, a TricorBraun company.

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