AEA Investors LP is acquiring plastic packaging design and distribution company TricorBraun Holdings Inc. from CHS Capital.
“This partnership will not only bring success to everyone involved — partners, customers, suppliers and employees alike — I believe it will positively impact the entire rigid packaging industry,” TricorBraun CEO Keith Strope said in a statement.
St. Louis-based TricorBraun, which also handles glass packaging, has more than 40 locations around the world and annual sales of more than $1 billion. The company calls itself one of the largest distributors of glass and rigid packaging in North America.
“We believe TricorBraun is an excellent company operating in a highly attractive industry segment. They are well-positioned to make a significant impact in the rigid packaging market by continuing to offer their customers and supplier partners an impressive array of capabilities,” said AEA Partner Thomas Pryma in a statement.
AEA Investors was founded in 1968 by the Rockefeller, Mellon and Harriman families along with S.G. Warburg & Co.