TricorBraun enters flexible packaging market
Packaging solutions company TricorBraun has acquired Canadian-based Taipak, a move which represents the company’s first foray into flexible packaging.
Headquartered in Richmond, British Columbia, Taipak supplies a complete range of standard and custom flexible packaging solutions, including boxes, pouches and bags, for use in applications including confectionery and dry foods, beverages, coffee and tea, as well as processed and frozen food.
Focused on glass and plastic containers, closures, dispensers and tubes, TricorBraun, operates from more than 40 locations throughout North America and internationally from London, England; Guangzhou, China; Hong Kong and Mumbai, India.
“The acquisition of Taipak represents a true milestone for TricorBraun: It’s the very first time in our more than 100-year history that we have entered the flexible packaging industry,” says Keith Strope, executive chairman of TricorBraun. “It’s a move that significantly increases our product offering and capabilities.”
Taipak will be renamed Taipak, A TricorBraun Company, and Taipak’s current owners Joey Lin and Charanjit Hayre will continue to manage the business.
Court Carruthers, CEO of TricorBraun, adds, “Taipak adds brand new capabilities to our growing resources and we’re excited that it is now part of the TricorBraun family.”