 | |
| Founded | 1902 |
|---|---|
| Headquarters | St. Louis |
Key people | Court Carruthers (CEO and president) |
| Website | www |
TricorBraun is an American designer and distributor of rigid packaging. [1] Founded in 1902, it was acquired by CHS Capital and Management in 1999 and by AEA Investors in 2016. In 2016 and 2017, the company stated that it had approximately $1 billion in annual revenues. [2] [3]
The company was founded in Missouri in 1902, [4] and is currently headquartered in St. Louis. [5] According to the St. Louis Post-Dispatch , it was the twenty-sixth largest corporation based in the greater St. Louis area in 2018. [3] As of 2008, the company had thirty-two offices in North America and Asia, [6] and as of 2017 the company had about forty locations, including offices outside of North America in London, UK; Mumbai, India; Guangzhou, China; Hong Kong; [7] and Mexico. [8]
The company employs about one thousand people overall, and has annual sales of about $1 billion in rigid plastic packaging. Its packaging largely consists of blow molded containers, in addition to some thermoformed packaging. [9] Packaging is produced in both glass and plastic, and includes containers, closures, dispensers, tubes, and other types of packaging. [10] TricorBraun also has a research and development section, [11] which develops new forms of packaging for industries like cosmetics. [12]
CHS Capital and Management acquired TricorBraun in 1999. CHS sold the company to AEA Investors in 2004, repurchased it in 2006, and sold it again to AEA in November 2016. [1] In 2016, TricorBraun itself purchased The Packaging Design Group. [1] In 2017 the TricorBraun acquired Taipak, a Canadian company that manufactures flexible packaging, entering the flexible packaging market for the first time. [13] That year TricorBraun also acquired the Pennsylvania-based Continental Packaging Associates, [14] and the Canadian firm Salbro. [9] It also began a partnership with Amfora, forming TricorBraun South America SAS. [15] Between the mid-1990s and now, the company has acquired fourteen different companies. [16] In August 2023, it was announced TricorBraun had acquired the Longmont-headquartered aluminum cans and packaging supplies company, CanSource. [17]
In 2017 Court Carruthers became the president and CEO of the company, replacing Keith Strope, [18] who had held the positions since 2002. [19] Strope is now the company’s executive chairman, and the chairman emeritus is Ken Kranzberg. [20]
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