"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."
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.
Strope said that Taipak will be renamed Taipak, A TricorBraun Company. Taipak's current owners Joey Lin and Charanjit Hayre will continue to manage the business.
"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."