TricorBraun Acquires Pennsylvania-Based Packaging Supplier
21 September 2017
TricorBraun has acquired Continental Packaging Associates (www.cpapackaging.com), a third-generation, family-owned packaging supplier, according to Keith Strope, President and CEO, of TricorBraun.
"CPA is a great strategic fit with a good legacy and reputation," said Strope. "It's family-owned, much like TricorBraun started out."
For more than 60 years, Continental Packaging Associates has focused on packaging solutions for the food, industrial, pharmaceutical, and cosmetic industries. The company is owned by cousins Howard, Alan and Todd Feldman, who will all remain in management roles with TricorBraun.
Continental Packaging Associates will begin immediately doing business as TricorBraun and will have expanded access to all TricorBraun customer resources, including the company's package design, engineering and global sourcing capabilities.
Alan Feldman, president and CEO of Continental Packaging Associates, said that TricorBraun's expansive resources were a key consideration in the acquisition. "Our customers are the real winners in our joining TricorBraun," he said. "We're excited about becoming part of a smart, savvy organization with global capabilities."
"We see tremendous opportunity to continue our leadership position in the packaging industry," said Strope. He said that TricorBraun will continue to pursue both acquisitions and organic growth. "Bobby Sood, who is joining TricorBraun as Senior VP Mergers & Acquisitions, will work closely with me in these endeavors," said Strope.