ST. LOUIS – Global packaging leader TricorBraun announced on Wednesday that it has reached an agreement to acquire PBFY, one of North America’s largest flexible packaging distributors, from retail and promotional packaging supplier Pacific Western Sales. .
The acquisition expands TricorBraun’s award-winning flexible packaging division, TricorBraun Flex.
California-based PBFY has been providing flexible packaging services to many well-known brands in the food, coffee, tea, health and beauty markets for nearly 15 years. All PBFY team members will remain with TricorBraun.
“PBFY is an important addition to our industry-leading flexible packaging offerings, enabling us to provide our customers with expanded services and supply chain options,” said Court Carruthers, president and chief executive officer. management of TricorBraun. “We have great admiration for the successful business the PBFY team has built, and look forward to investing in its continued growth. We are delighted to welcome PBFY to the TricorBraun family.”
The company will operate as PBFY, a TricorBraun company. After a transition period, PBFY will integrate with TricorBraun Flex.
“This is an exciting development for PBFY team members, customers and suppliers,” said Lyndsey Tidwell, CEO of PWS. “PBFY has had an exceptional history and I am confident that TricorBraun’s investments in PBFY’s growth will lead to even greater success, while providing new opportunities and improved services.”
Since its inception, TricorBraun has partnered with management teams to successfully acquire and accelerate the growth of 33 packaging companies worldwide.
The transaction is expected to close later this month.