Packaging supplier TricorBraun's buying spree has continued with a deal to acquire industrial packaging firm Mark's Barrel Co.
West Jordan, Utah-based Mark's has specialized in reconditioning and recycling industrial containers such as plastic and metal drums and Intermediate Bulk Containers (IBCs) for reuse for almost 30 years. The firm stocks nearly all types of reconditioned industrial containers for immediate delivery.
In a Sept. 21 news release, officials with TricorBraun in St. Louis said that Mark's "has established a strong reputation in the industrial packaging and reconditioning industry for quality, service, and efficiency."
"Partnering with [Mark's] is a tremendous opportunity to continue to provide our customers with more sustainable options," Brian McCarthy, market development senior vice president, added.
Officials said that sustainable packaging and environmentally-safe collection options "are the core of [Mark's] services." Reconditioned and recycled packaging helps customers reduce environmental impact while using an effective, lower-cost alternative to new purchases, they added.
"Partnering with TricorBraun will allow us to take our company to the next step in our growth — for the benefit of our team members and customers," Mark's President Mark Schwietz said.
All Mark's team members will remain with TricorBraun following the transaction and will continue to work from the firm's existing location near Salt Lake City. On closing of the transaction, Mark's will operate as TricorBraun Industrial Services.
Since late 2021, TricorBraun has made seven acquisitions. In December, the firm purchased Zuckerman Honickman Inc. of King of Prussia, Pa., which provides packaging and containers, including hot-fill and cold-fill plastic bottles. That same month, TricorBraun acquired Vessel Packaging, a distributor of aluminum cans in Canada. In March, TricorBraun acquired Neville and More Ltd. of Horsham, England, a distributor of plastic, glass and aluminum packaging.
April saw TricorBraun make three acquisitions. It first bought PBFY, a major flexible packaging distributor with locations in Brea, Calif., and Portland, Tenn. TricorBraun then added Australian packaging firms PB Packaging and Cormack Packaging.
In total, TricorBraun employs more than 2,000 at more than 100 global sites, making and distributing containers, closures, dispensers, tubes and flexibles made of plastic, glass and aluminum.