TricorBraun Inc. is moving deeper into health care packaging distribution with the acquisition of Package All Corp. of Bayport, N.Y.
St. Louis-based TricorBraun said Package All becomes a wholly owned subsidiary with its current executive team remaining.
"There is strong equity in the Package All name and business model, created by founder Drew Weidhorn and by Phil Padgett as president and CEO, and we will continue using both," said Keith Strope, chairman of TricorBraun, in a statement. "We want to capitalize on the strong legacy built by Drew and Phil."
Package All has more than 350,000 square feet of distribution space on the East and West coasts and provides rigid packaging distribution to the over-the-counter generic pharmaceutical and nutraceutical sectors. Other markets include personal care and beauty, sports and fitness, food and beverage, industrial and household.
Aside from its corporate headquarters, Package All's distribution centers include sites in Ronkonkoma, N.Y.; Fontana, Calif., and Casa Grande, Ariz., according to the company's website.