TricorBraun acquires Continental Packaging Associates
Pennsylvania-based packaging supplier becomes 16th successful acquisition for TricorBraun.
September 19, 2017
by Canadian Packaging staff
ST. LOUIS—TricorBraun has acquired Continental Packaging Associates (CPA), a third-generation, family-owned packaging supplier, according to TricorBraun president and chief executive officer Keith Strope.
“CPA is a great strategic fit with a good legacy and reputation,” says Strope. “It’s family-owned, much like TricorBraun started out.”
For more than 60 years, Continental Packaging Associates has focused on packaging solutions for the food, industrial, pharmaceutical, and cosmetic industries. The company is owned by cousins Howard, Alan and Todd Feldman, who will all remain in management roles with TricorBraun.
Continental Packaging Associates will begin immediately doing business as TricorBraun and will have expanded access to all TricorBraun customer resources, including the company’s package design, engineering and global sourcing capabilities.
Continental Packaging Associate president and chief executive officer Alan Feldman says that TricorBraun’s expansive resources were a key consideration in the acquisition.
“Our customers are the real winners in our joining TricorBraun,” he notes. “We’re excited about becoming part of a smart, savvy organization with global capabilities.”
Adds Strope: ”We see tremendous opportunity to continue our leadership position in the packaging industry.”
Strope says that TricorBraun will continue to pursue both acquisitions and organic growth.
“Bobby Sood, who is joining TricorBraun as senior vice-president of mergers and acquisitions, will work closely with me in these endeavors,” he says.
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. The company’s 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. Information on the company is available at www.tricorbraun.com and at www.cpapackaging.com.
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