TricorBraun acquires The Packaging Design Group
By Canadian Packaging staff
General rigid packaging company acquisition The Packaging Design Group TricorBraunMove will expand TricorBraun's presence in the nutraceutical, pharmaceutical and healthcare markets.
TricorBraun has acquired The Packaging Design Group, a Maryland-based distributor of rigid packaging.
PDG was founded in 1995 by Kenneth Gillman and Peter Kallman, who have more than 70 years of combined experience in the field. Prior to forming PDG, Ken and Peter manufactured plastic closure systems, dispensing plugs, fitments, jars and custom-molded parts. As a result, they know the ins and outs of component design, component costing, quality control systems, engineering, and mold design and development.
“We’re extremely excited about this opportunity. TricorBraun has an excellent reputation, like us, for being very focused on serving our customers. Being part of a like-minded organization the size of TricorBraun will present opportunities and advantages for our current customers,” says The Packaging Design Group founding partner Kenneth Gillman.
Peter Kallman, also a founding partner adds, “We bring a unique expertise particularly in the nutraceutical, pharmaceutical and healthcare markets that should create opportunities for TricorBraun as well. It’s a great fit all around.”
The Packaging Design Group will continue to operate under its current name and will become a division of TricorBraun with immediate access to all of the resources and the options that TricorBraun provides.
“The Packaging Design Group is a perfect fit for what we’re trying to accomplish,” says TricorBraun president and chief executive officer Keith J. Strope. “Integrity and talent have always been the cornerstone of our growth. The folks at The Packaging Design Group have plenty of both. Their extensive knowledge and experience along with their customer service focus are what make them so attractive. The wholly-owned UK subsidiary, Packaging Design Limited, is also part of the deal and strengthens our presence in Europe. This addition to the family will definitely allow all of us to do more for all of our customers.”
TricorBraun is a portfolio company of CHS Capital, a Chicago-based private equity firm. Founded in 1902 and headquartered in St. Louis, Missouri, TricorBraun is the largest distributor of rigid packaging solutions in North America, with over 40 locations globally and annual revenues of $1-billion. TricorBraun provides a complete array of rigid packaging containers and related components as well as comprehensive package design, engineering and technical services, domestic and global sourcing and logistics management. TricorBraun’s customers are in almost every market imaginable–personal care, healthcare, household and industrial chemicals, food, wine and more.
TricorBraun is headquartered at 6 CityPlace Drive, 1000 St. Louis, MO 63141, TEL: 314-569-3633. For additional background information, check the company web site at www.tricorbraun.com.
Image from www.fotolia.com
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