ST. LOUIS, June 26, 2017 /PRNewswire/ -- TricorBraun has
entered into a definitive agreement to acquire Canadian-based
Salbro Bottle (www.salbrobottle.com), a 27-year-old packaging
solutions company, according to Keith
Strope, President and CEO, of TricorBraun.
"Salbro fits our strategic vision extremely well," said Strope.
"We were interested in expanding our reach and presence in
Canada and this acquisition helps
us do both."
As part of the deal, TricorBraun will acquire enhanced rapid
prototyping and even quicker response times," said Strope.
According to Gary Saltz,
President of Salbro, the acquisition will allow his company to
continue to focus on serving customers. Paul Saltz, Vice President of Sales and
Marketing, and David Saltz, Vice
President of Operations, agree. "Our relationship with TricorBraun
gives us additional strength to grow," they said.
Paul Saltz, Vice President of
Sales and Marketing at Salbro said, "We're big enough to handle
anyone's order, but we're also flexible enough to be able to react
and adapt to the customer's needs quickly. Being part of
TricorBraun will help us expand that approach."
"We remain fiercely committed to providing innovative, custom
solutions for our customers," said Strope. He said the acquisition
of Salbro allows TricorBraun to better serve Canadian customers
with more added value.
He said that TricorBraun will continue to look for acquisitions
that help grow its strategic vision.
"Everything we do is about making things better for our
customers, our suppliers and our employees," Strope said. "Salbro
Bottle is a great company and we're proud that it is now part of
the TricorBraun family."
About Salbro Bottle
Salbro Bottle (http://www.salbrobottle.com), is a Woodbridge, Ont.-based company founded in
1990. Salbro's packaging solution business provides creative
plastic containers, glass containers and closures to its customers.
The company operates from a 40,000-square-foot headquarters in
Woodbridge. It also operates a
70,000-square-foot facility in nearby Vaughan, Ont., a 15,000-square-foot location
in St. John's, Newfoundland and
has a Montreal sales office with
approximately 30,000 sq feet of 3PL warehousing.
About TricorBraun
TricorBraun (www.tricorbraun.com) 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 including Canada, Mexico, England, China, Hong
Kong, and India. Our award-winning Design &
Engineering Centers provide forward-thinking service driven by
consumer insight, market understanding and creative solutions.
TricorBraun's advisory services range from preliminary planning and
manufacturing oversight to warehousing and logistics programs.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/tricorbraun-agrees-to-acquire-canadian-packaging-solutions-company-300479797.html
SOURCE TricorBraun