Primary packaging supplier TricorBraun has acquired Minneapolis-based Packaging Solutions, Inc. (PSI), a rigid packaging distributor serving several markets, including pharmaceutical, pet food and personal care.
The acquisition complements TricorBraun’s geographical footprint bolstering its position in the Minneapolis market and providing an additional warehouse for additional growth.
“Our acquisition of PSI strengthens our Minneapolis presence as we continue to grow across North America,” said Court Carruthers, president and CEO, TricorBraun. “We look forward to serving our customers in this region with exceptional products and services, and we welcome PSI to the TricorBraun family.”
In the wake of the acquisition, the Packaging Solutions, Inc. name has been retired and the company will operate as TricorBraun. However, current PSI team members, including owners Doug Greenberg and John Greenberg, will remain with TricorBraun and the team will continue to work out of the company’s existing location.
“For more than two decades, we’ve made our mark on the packaging industry and we are excited to start our next chapter with TricorBraun,” said Doug Greenberg, president, Packaging Solutions, Inc. “Given our shared focus on the customer, TricorBraun is a natural home for PSI. With TricorBraun’s industry-leading custom design solutions and expansive supplier base, we are delighted to offer expanded packaging services and solutions to our customers.”
PSI marks TricorBraun’s seventh acquisition in the last three years. Terms of the agreement were not disclosed.