On Aug. 8, St. Louis-based packaging distributor TricorBraun announced it has acquired Longmont, Colorado-basedCanSource, a provider of can packaging and related services. Financial details were not disclosed.
The company says the acquisition expands its beverage packaging capabilities and strengthens its position in the North American beverage packaging market.
“Our acquisition of CanSource — a company known for exceptional quality, hands-on service, and reliability — enables us to provide beverage customers across North America with expanded offerings and services, and more sustainable packaging options,” said Brett Binkowski, President, North America, TricorBraun. “We welcome the CanSource team to the TricorBraun family, and we look forward to investing in the company’s continued growth.”
CanSource provides brite, shrink-sleeved and printed cans to the craft beer, wine, spirits, and non-alcoholic beverage markets. The company operates from four locations across the U.S.
All CanSource team members will remain with TricorBraun and continue to work out of the company’s existing locations. CanSource now operates as CanSource, a TricorBraun company.
“Partnering with TricorBraun is a significant milestone in CanSource’s history,” said Paige Sopcic, CEO of CanSource. “We’ve admired and respected TricorBraun for years and are excited to join a team who shares the same dedication to quality and customer service, while providing multiple opportunities for our expansion and growth.”