TricorBraun, a portfolio company of AEA Investors, has acquired Taipak Enterprises Ltd., a Richmond, BC based flexible packaging solutions provider.
Taipak offers a complete range of standard and custom flexible packaging solutions, including boxes, pouches and bags. The company provides solutions for numerous industries, including: Beverage, Coffee & Tea, Confectionary & Dry Foods, Seafood & Meat Products, Processed & Frozen Food, Retort Food, Pet Products, Health & Wellness and Non-Food Products.
Taipak will be renamed Taipak, A TricorBraun Company. Taipak’s current owners Joey Lin and Charanjit Hayre will continue to manage the business.
TricorBraun is a packaging solutions company, focused on providing innovative, custom solutions for its many customers. An industry leader in glass and plastic containers, closures, dispensers and tubes, TricorBraun operates from more than 40 locations throughout North America and internationally from London, England, Guangzhou, China, Hong Kong, and Mumbai, India.
AEA Investors acquired TricorBraun from CHS Capital at a valuation of $1.3 billion in December 2016. CHS previously acquired TricorBraun in 2006 from AEA. CHS had acquired the company in 1999 and then sold it to AEA in 2004.
“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,” said Keith Strope, Executive Chairman of TricorBraun. “It’s a move that significantly increases our product offering and capabilities.”
“The acquisition continues our dual path to grow by acquisition, as well as organically,” Strope said. “Every day, our industry leadership grows.”
Court Carruthers, CEO of TricorBraun added, “Taipak adds brand new capabilities to our growing resources and we’re excited that it is now part of the TricorBraun family.”
photo credit: Taipak Enterprises Ltd.