Acquisition represents company's first move into flexible packaging segment.
November 21, 2017
by Canadian Packaging staff
TricorBraun acquires Canadian-based Taipak
Acquisition represents company’s first move into flexible packaging segment.
ST. LOUIS—TricorBraun, a leading packaging solutions company, has acquired Canadian-based Taipak, a flexible packaging solutions provider headquartered in Richmond, British Columbia.
“The acquisition of Taipak represents a true milestone for TricorBraun: It’s the very first time in our more than 100-year history that we have entered the flexible packaging industry,” says TricorBraun executive chairman Keith Strope. “It’s a move that significantly increases our product offering and capabilities.”
Taipak offers a complete range of standard and custom flexible packaging solutions, including boxes, pouches and bags. The company provides solutions for numerous industries, including: Beverage, Coffee & Tea, Confectionary & Dry Foods, Seafood & Meat Products, Processed & Frozen Food, Retort Food, Pet Products, Health & Wellness and Non-Food Products.
Strope says that Taipak will be renamed Taipak, A TricorBraun Company.
Taipak’s current owners Joey Lin and Charanjit Hayre will continue to manage the business.
“The acquisition continues our dual path to grow by acquisition, as well as organically,” Strope says. “Every day, our industry leadership grows.”
TricorBraun chief executive officer Court Carruthers adds: “Taipak adds brand new capabilities to our growing resources and we’re excited that it is now part of the TricorBraun family.”
Since 2003, Taipak Enterprises Ltd., has been helping customers with flexible packaging needs. With manufacturing facilities and carefully selected partners in Asia and Europe, it has the ability to develop flexible packaging solutions “from concept to consumer.” For unique flexible packaging solutions, or equipment, Taipak can deliver the right solution. Company information at www.taipak.ca.
TricorBraun is a packaging solutions company, focused on providing innovative, custom solutions for its many customers. An industry leader in glass and plastic containers, closures, dispensers and tubes, TricorBraun operates from more than 40 locations throughout North America and internationally from London, England: Guangzhou, China; Hong Kong, and Mumbai, India. Its award-winning Design & Engineering Center provides forward-thinking service driven by consumer insight, market understanding and creative solutions. TricorBraun’s advisory services range from preliminary planning and manufacturing oversight to warehousing and logistics programs. Company information at www.tricorbraun.com.