TricorBraun sale sees strengthening of market position

Harris Williams & Co has announced the sale of TricorBraun Holdings, Inc. (TricorBraun), a portfolio company of CHS Capital (CHS), to funds sponsored by AEA Investors LP (AEA).

TricorBraun is a leading provider of rigid packaging solutions. The transaction was led by Bob Baltimore and Derek Lewis of Harris Williams & Co.’s Specialty Distribution Group and Patrick McNulty, Brad Morrison, John Lautemann and Brandt Carr of the firm’s Industrials Group.
“Through its partnership with CHS, TricorBraun has strengthened its position as a global, industry-leading provider of rigid packaging solutions,” said Bob Baltimore, a managing director at Harris Williams & Co. “Favorable industry dynamics as well as strong opportunities to continue to grow both organically and through acquisitions bode well for TricorBraun’s continued success.”
“It has been a pleasure working with TricorBraun’s management team and shareholders,” added Patrick McNulty, a managing director at Harris Williams & Co. “We are excited to see the company, with the support of its new partner, build on its existing leadership position and execute management’s growth strategy.”
TricorBraun helps bring their customers’ new and existing products to market efficiently as one of the packaging industry’s largest suppliers of plastic and glass containers, closures, dispensers and tubes from over 40 locations throughout North America and internationally, including London; Guangzhou, China; Hong Kong and Mumbai, India. TricorBraun’s award-winning design and innovation center gives their customers forward-thinking service based on consumer insight, understanding of the markets and creative solutions. In addition, advisory services range from preliminary planning and manufacturing oversight to an array of innovative warehousing and logistics programs.

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