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.