Proventis Partners advises TricorBraun on the acquisition of Gläser und Flaschen GmbH

Hamburg, October 10^th, 2022 – Global packaging leader TricorBraun announced that it has signed an agreement to acquire glass packaging company Gläser & Flaschen GmbH. The acquisition extends TricorBraun’s European presence to Germany and strengthens its position as a leading packaging provider in Europe.

“Gläser & Flaschen has built a strong business known for its quality, innovation, and technical expertise,” said Declan McCarthy, president, TricorBraun Europe. “We are pleased to partner with the outstanding Gläser & Flaschen team to offer more supply chain options to customers, while investing in their continued growth and expansion. We welcome Gläser & Flaschen to the TricorBraun family.”

Serving customers for nearly 20 years, Gläser & Flaschen (www.glaeserundflaschen.de/) is a lead-ing provider of high-quality glass packaging for the growing preserved food market. The company operates from a state-of-the-art distribution and operations center in Wustermark (Brandenburg, Germany).

All Gläser & Flaschen team members will remain with TricorBraun and continue to work out of the company’s existing location. Effective upon closing of the transaction, Gläser & Flaschen will operate as Gläser & Flaschen, a TricorBraun company.

The transaction is expected to close in November 2022.

The role of Proventis Partners

Proventis Partners acted as exclusive M&A advisor to TricorBraun. In this role, Proventis Partners supported the due diligence process and negotiation of the transaction. The deal team of Proventis Partners consisted of Ulrich Schneider, John Juergens and Leonhard Austmann.

About TricorBraun

Founded in 1902, TricorBraun is a global packaging leader and North America’s largest distributor of primary packaging. We provide innovative solutions across a wide array of customer end markets in plastic, glass, and aluminum containers, closures, dispensers, tubes, and flexibles. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. We leverage our global supply chain expertise, expansive and sustainable footprint, and unmatched purchasing power to identify the best sourcing partners and cost-effective solutions for our customers. TricorBraun is comprised of more than 2,000 packaging professionals operating from more than 100 locations across the Americas, Europe, Asia, and Australia. Since its founding, TricorBraun has partnered with management teams to successfully acquire and further accelerate growth for 37 packaging companies globally.

You can find further information at www.tricorbraun.com.