TricorBraun Holdings, Inc., a portfolio company of AEA Investors, has entered into a definitive agreement to acquire Woodbridge, Ontario based Salbro Bottle Inc. Financial terms were not disclosed.
Founded in 1990, Salbro’s packaging solution business provides creative plastic containers, glass containers and closures to its customers.
Salbro was founded and is owned by “Sal”tz brothers, Gary Saltz, President, Paul Saltz, VP of Sales and Marketing, and David Saltz, VP of Operations.
Crosswinds Holdings Inc. (TSX: CWI) currently owns debentures and warrants exercisable into 7.5% of Salbro enterprise.
“Salbro fits our strategic vision extremely well,” said Keith Strope, President and CEO of TricorBraun. “We were interested in expanding our reach and presence in Canada and this acquisition helps us do both.”
The acquisition of Salbro allows TricorBraun to better serve Canadian customers with more added value and TricorBraun will continue to look for acquisitions that help grow its strategic vision.
TricorBraun is a packaging solutions company operating from more than 40 locations throughout North America and internationally including Canada, Mexico, England, China, Hong Kong, and India.
In December 2016, AEA Investors acquired TricorBraun from CHS Capital.
photo credit: Salbro Bottle