US-based primary packaging distributor TricorBraun has acquired SGB Packaging Group in an effort to strengthen the company’s presence in the fast-growing cosmetics, skin care, fragrance, and personal care industries.
Headquartered in Hackensack, New Jersey, SGB Packaging supplies packaging and accessories for the cosmetics, fragrance, skin, hair and personal care and makeup industries, specializing in prestige and masstige segments. Founded 22 years ago by packaging expert Shoshana Gibli, the company is the sole North American Sales Representative for European and select international high-end packaging manufacturers.
“Our acquisition of SGB Packaging strengthens our presence in growing industries, while serving customers with new products, and expanding our vast global supplier network,” said Court Carruthers, president and CEO, TricorBraun. “Shoshana Gibli and her team have built an impressive business known for its outstanding customer service, industry expertise, and diverse product offerings, and we are excited to welcome them to the TricorBraun family.”
All SGB team members, including founder and President Shoshana Gibli, and senior leaders Lauren Gibli and Julie Gibli, will remain with TricorBraun. The team will continue to work out of the company’s existing location in Hackensack, NJ. Effective with the acquisition, SGB Packaging will operate as SGB Packaging, a TricorBraun company.
Terms of the agreement were not disclosed.