Strength in numbers
Image source linked below @tricorbraun on Instagram
This week came the news of another acquisition, when global packaging company, TricorBraun, announced that it had acquired beverage packaging companies Zuckerman Honickman (ZH) and Vessel Packaging (Vessel), strengthening the company’s position in the beverage packaging market.
With the ZH acquisition, TricorBraun grows its beverage offering and expands its beverage and sustainable packaging expertise. As part of the deal, TricorBraun also acquired Delta Industries, a subsidiary of ZH and a distributor of reusable trigger sprayers and bottles.
With the Vessel acquisition, TricorBraun expands its beverage offering, establishes a deeper position in aluminum cans, and grows its Canadian footprint.
“Our acquisitions of Zuckerman Honickman, a name synonymous with best-in-class beverage packaging, and Vessel Packaging, a leading Canadian value-added distributor of aluminum cans, bolster our ability to serve beverage customers with expanded offerings and services across North America,” said Court Carruthers, president & CEO, TricorBraun. “We are incredibly excited to welcome the ZH and Vessel teams to the TricorBraun family and look forward to investing in their continued growth.”
All ZH and Vessel team members—including ZH president Michael Zuckerman, SVP of Strategy & Development Lorne Paskin and VP of Operations Jon Zuckerman, and Vessel Packaging CEO Matt Leslie and COO Mitchell Evanecz—will remain with TricorBraun. The companies will operate as separate, stand-alone businesses, and the teams will continue to work out of their existing locations. Effective immediately, the companies will be known as Zuckerman Honickman, a TricorBraun company, and Vessel Packaging, a TricorBraun company.
Michael Zuckerman, president, Zuckerman Honickman, said: “We know that TricorBraun shares the same dedication for going above and beyond for customers, and both teams maintain strong customer and supplier relationships. Zuckerman Honickman and TricorBraun’s cultures are closely aligned, and we are excited to experience our next phase of growth with such a respected packaging leader.”
- Jill Sayles, CanTech International editor.
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