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Tricorbraun Acquires Us-Based Cansource

Aug 08, 2023•about 2 years ago

Acquiring Company

TricorBraun

Acquired Company

CanSource

St. LouisSupply Chain Management

Description

Global packaging leader TricorBraun announced today that it has acquired CanSource, a leading provider of can packaging and related services. The acquisition expands TricorBraun's beverage packaging capabilities and strengthens its position in the North American beverage packaging market.

Company Information

Company

TricorBraun

Location

St. Louis, Missouri, United States

About

Founded in 1902, TricorBraun is North America's largest distributor of primary packaging. We provide innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. As a leading purchaser of packaging in the world, we leverage our global supply chain expertise, expansive and sustainable footprint, and unmatched purchasing power and scale to identify the very best sourcing partners and provide cost-effective solutions for our customers. TricorBraun operates from more than 50 locations globally. Visit tricorbraun.com. SOURCE TricorBraun

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed