Global packaging business TricorBraun has entered into an agreement to acquire packaging supplier in Australia and New Zealand Cormack Packaging, establishing the company’s footprint in the region.
Effective with the closing of the transaction, Cormack will operate as Cormack Packaging, a TricorBraun company.
Cormack Packaging is an Australian family-owned business, spanning three generations.
Established in Sydney in the 1940’s, Cormack also has offices in Melbourne and Auckland, New Zealand.
Serving customers with rigid packaging needs for more than 80 years, Cormack Packaging primarily serves the food and beverage, pharmaceutical, personal care, industrial and household cleaning industries.
All Cormack Packaging team members, including its managing director Mathew Cormack and the company’s executive team, will remain with TricorBraun. The Cormack Packaging team will also continue to work out of the company’s existing locations across Australia and New Zealand.
“Joining the world-class TricorBraun team is the next great growth chapter in Cormack Packaging’s 82-year history,” Cormack said.
“I am truly excited for the opportunities this brings to Cormack Packaging to better serve this region’s customers. Sharing like values, as well as a common passion and commitment to be the best partner for our valued customers, make TricorBraun the ideal home for Cormack Packaging to thrive.”
Founded in 1902, TricorBraun is North America’s largest distributor of primary packaging. It provides solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles.
TricorBraun now operates from more than 50 locations globally, and the purchase of Cormack Packaging amplifies its presence in A/NZ.
Since its founding, TricorBraun has partnered with management teams to successfully acquire and accelerate growth for more than 25 packaging companies. Cormack marks TricorBraun’s third acquisition this year.
“We are incredibly excited to mark our first entry into Australia with the acquisition of Cormack,” TricorBraun president and CEO Court Carruthers said.
“Mathew Cormack and his team have established the company as a respected leader in the market over many decades. We are pleased to welcome Cormack to the TricorBraun family, and we look forward to helping the team continue its strong growth while serving customers with innovative and quality packaging solutions.”
The transaction is expected to close later this month.