Packaging supplier TricorBraun has announced its acquisition of Minneapolis-based Packaging Solutions, Inc. (PSI), which serves markets including pharmaceutical, pet food and personal care.
A portfolio company of global private investment firm AEA Investors, TricorBraun has acquired and successfully integrated more than 20 companies over the last 25 years. PSI marks the company’s seventh acquisition in the last three years, during AEA’s ownership.
With 25 years of packaging experience, PSI has a strong industry reputation and long-standing customer relationships. The acquisition improves TricorBraun’s position in the Minneapolis market, providing an additional warehouse for continued growth.
PSI team members, including owners Doug and John Greenberg, will remain with TricorBraun and the team will continue to work out of the company’s existing location. Effective with the acquisition, the PSI name has been retired and the company will operate as TricorBraun.
“Our acquisition of PSI strengthens our Minneapolis presence as we continue to grow across North America,” said Court Carruthers, president and CEO of TricorBraun. “We look forward to serving our customers in this region with exceptional products and services, and we welcome PSI to the TricorBraun family.”
“For more than two decades, we’ve made our mark on the packaging industry and we are excited to start our next chapter with TricorBraun,” said Doug Greenberg, president of PSI. “Given our shared focus on the customer, TricorBraun is a natural home for PSI. With TricorBraun’s industry-leading custom design solutions and expansive supplier base, we are delighted to offer expanded packaging services and solutions to our customers.”