TricorBraun acquires RODA Packaging
Acquisition further expands TricorBraun’s presence in Canada
TORONTO, March 9, 2021 — TricorBraun, a world leader in packaging, today announced the acquisition of Quebec-based Emballages RODA, thereby strengthening its presence in Eastern Canada.
Serving its customers for nearly 40 years, RODA is a distributor of rigid plastic packaging intended for the chemical products and sealant cartridge markets, as well as the nutraceutical, juice, dry condiments and spices sectors. The acquisition of RODA will allow TricorBraun to also acquire Industries Rada.
“The acquisition of RODA Packaging is part of our long and sustained growth in Canada,” said Court Carruthers, President and CEO of TricorBraun. “We are very impressed by the solidity of the company that Stéphan Berthiaume and his team have built and firmly believe that by joining our forces to those of RODA, we will be able to meet the needs of Quebec companies and our customers throughout North America. North. We are delighted to welcome RODA to the TricorBraun family. ”
This acquisition will allow TricorBraun to increase its strategic investment in Quebec, a market the company has served for over 25 years, by benefiting from a fully local inventory of inventory, dedicated team members and products manufactured by local supplier partners.
All members of the RODA team, including owner and CEO Stéphan Berthiaume, will remain employed by TricorBraun and will continue to operate from their sites in Quebec, becoming a division of TricorBraun Canada. RODA Packaging will now operate under the name “RODA, a division of TricorBraun” upon acquisition.
“For nearly 40 years, Emballages RODA and its team of seasoned professionals have been recognized as an important link in the packaging supply chain,” said Stéphan Berthiaume. “We are delighted to join TricorBraun and look forward to starting this next chapter. Our common interest in customer service, quality level and operational excellence, combined with TricorBraun’s extensive supplier network and multiple locations, will allow RODA to develop its full potential and offer a wider range of services to its customers. ”
To build on its momentum, TricorBraun has partnered with management teams to acquire and promote the growth of more than 20 packaging companies across North America. RODA Packaging becomes TricorBraun’s tenth acquisition in the past four years and the first to be owned by Ares Management and the Ontario Teachers’ Pension Plan.
Terms of the deal were not disclosed.
About RODA Emballages
Founded in 1983 in Montreal, RODA Emballages distributes packaging components, containers, bottles, rigid plastic caps and fiber cartridges for sealants. In today’s demanding North American market, RODA is seen as an important link in the packaging supply chain.
Founded in 1902, TricorBraun is the largest primary packaging distributor in North America. We offer innovative solutions across a wide range of customer markets, from plastic and glass containers, caps, dispensers and flexible tubing. Our award-winning Design and Engineering Center delivers cutting-edge packaging design, driven by consumer insight and creative solutions. As a global leader in purchasing packaging, we leverage our expertise in the global supply chain, our growing and sustainable presence, and our unparalleled purchasing power and economies of scale to identify best sourcing partners and delivering cost effective solutions to our customers.