St. Louis, Missouri, based supplier of rigid packaging TricorBraun has acquired Philadelphia-based distributor of rigid packaging Penn Bottle and Supply Co.
Penn Bottle sells approximately US$50-million annually and is one of the largest turn-key packaging companies in the United States. TricorBraun’s twelfth recent acquisition immediately becomes a part of the largest distributor of rigid packaging solutions in North America, with over 40 locations globally and annual revenues approaching US$1-billion.
TricorBraun provides a comprehensive offering of over 32,000 rigid packaging containers and related components as well as extensive package design, engineering and development services, global sourcing and logistics management to the personal care, healthcare, household and industrial chemicals industries, and food and wine markets.
“We’re very pleased and excited to welcome Penn Bottle to the family,” said Keith J. Strope, President and Chief Executive Officer of TricorBraun. “The combination of Penn Bottle’s presence in the East with our current business there significantly strengthens our position in that geography. There are a lot of similarities; long, rich histories in the industry, company cultures and customer service focus.”