TricorBraun has entered into an agreement to acquire PBFY, a flexible packaging distributors in North America, from retail and promotional packaging supplier Pacific Western Sales.
The acquisition expands TricorBraun’s flexible packaging division, TricorBraun Flex, the company said.
Financial details were not disclosed. All PBFY team members will remain with TricorBraun. The company will operate as “PBFY, a TricorBraun company.” After a transition period, PBFY will integrate with TricorBraun Flex, TricorBraun said.
“PBFY is an important addition to our industry-leading flexible packaging offerings, enabling us to provide customers with expanded services and supply chain options,” said Court Carruthers, president and CEO of TricorBraun. “We have great admiration for the successful business the PBFY team has built, and we look forward to investing in its continued growth. We are pleased to welcome PBFY to the TricorBraun family.”