Rigid packaging manufacturer and distributor TricorBraun recently bought Columbia Packaging LLC, a distributor of plastic and glass containers, and cardboard packaging.
Terms of the deal were not disclosed.
``We are excited about the growth potential of our business in Canada and the additional options and resources that will be available to our customers and personnel as we join the TricorBraun team,'' said Larry West, Columbia founder, president and chief executive officer, in an Aug. 5 news release.
In addition to its head office in Coquitlam, British Columbia, Columbia operates warehouse-sales facilities in Montreal and City of Industry, Calif.
Privately held TricorBraun of St. Louis, founded in 1902, has 32 North American and international locations.
According to industry watchers, it had sales of about $740 million in 2007. TricorBraun products include plastic and glass bottles, sprayers, dispensers, closures, pails, tubes, drums and other items for clients in the personal-care, health-care, household and industrial chemicals, and beverage markets.
Columbia, formed in 1995 as a glass container supplier, is TricorBraun's fourth acquisition in two years.
``Our two companies share a common culture and a passion for innovation in the packaging business. We are excited about the opportunity to team with Columbia Packaging to grow our collective business in Canada,'' Keith Strope, TricorBraun's president and CEO, said in the release.
TricorBraun's ownership group is led by an affiliate of Code Hennessy & Simmons LLC, a Chicago-based private equity firm, management and Goldman Sachs. Financing for the Columbia acquisition was provided by TricorBraun's bank group, led by GE Capital Corp.