TricorBraun, St. Louis, acquired Taipak, a flexible packaging solutions provider based in Canada.
"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 offers a complete range of standard and custom flexible packaging solutions, including boxes, pouches and bags for numerous industries, including beverage, seafood, meat, processed foods, frozen foods and more.
Taipak will be renamed Taipak, A TricorBraun Co., and Taipak's current owners, Joey Lin and Charanjit Hayre, will continue to manage the business.
"The acquisition continues our dual path to grow by acquisition, as well as organically," Strope says. "Every day, our industry leadership grows."
"Taipak adds brand new capabilities to our growing resources, and we're excited that it is now part of the TricorBraun family," adds Court Carruthers, chief executive officer of TricorBraun.