Webpackaging logo

TricorBraun acquires leading healthcare packaging company

  • TricorBraun
North America, USA, US - The Northeast, Health

TricorBraun Inc., a leading packaging solutions company, has acquired Package All Corp. (packageall.com), a 33-year-old healthcare-focused packaging distributor headquartered in Bayport, New York. As a result of this transaction, Package All has become a wholly-owned subsidiary of TricorBraun but will continue to be led by its current executive team.

"Package All has significant expertise in rigid packaging for the healthcare industry," said Keith Strope, Executive Chairman of TricorBraun. "We are excited about the opportunities this acquisition creates to provide customers of both companies with expanded services."

Package All is a leading stocking distributor to the over-the-counter (OTC) generic pharmaceutical and nutraceutical industries, also providing packaging to several other industries, including personal care and beauty, sports and fitness, food and beverage, and household and industrial.

"There is strong equity in the Package All name and business model, created by founder Drew Weidhorn and by Phil Padgett as President and CEO, and we will continue using both," said Strope. "We want to capitalize on the strong legacy built by Drew and Phil."

"The acquisition will be seamless," said Court Carruthers, President and CEO of TricorBraun. "Everything will be business as usual, with new momentum. We want to leverage Package All's business model and grow with it. Package All's seven locations and more than 350,000 square feet of warehouse space will expand TricorBraun's overall offering."

Phil Padgett said, "We are extremely proud of the company we and our teammates have built together. Partnering with TricorBraun is an exciting next step in our successful history of growth. It will provide Package All and our customers immediate access to new products, a larger supply chain, and expanded services, such as design and engineering."

"We are highly focused on the further expansion of products and services for our customers," said Carruthers. "Package All is a great company and we're proud to welcome Phil Padgett, his executive team and every Package All team member to the TricorBraun family."

About Package All

Package All is an NFS, cGMP Certified stocking distributor headquartered in Bayport, NY. Founded in 1984, Package All has distribution centers on the East and West Coasts, with more than 350,000 square feet of storage space. The company is a leading stocking distributor to the over-the-counter generic pharmaceutical and nutraceutical industries, also providing packaging to a number of other industries, including personal care and beauty, sports and fitness, food and beverage, and household and industrial.

See also

Straight and neat: Consumers' thirst for spirits is growing

According to the Distilled Spirits Council, spirits gained market share for the eighth consecutive year, with sales rising to nearly 37 percent of the total alcohol market. We’ve been keeping a pulse on the spirits market for a long time, so the level of industry growth is not surprising. With more than 116 years of packaging expertise, TricorBraun has been advising beverage alcohol brands on how to align packaging with consumer preferences for decades.

Consumers are eager to learn about spirits, and millennials in particular are willing to open their wallets for high-end, premium spirits. In many industries, including spirits, this has meant a scrapping of “old world” brands that were revered by their parents. Meanwhile, brand owners are responding by creating excitement with new products and new ways to interact with consumers. Here are four ways changing consumer preferences are impacting the spirits market – and your packaging strategy.

Brewcraft USA partners with TricorBraun to transform a carboy into the Genesis Fermenter

With a long list of objectives in hand, Brewcraft USA—who had been purchasing stock bottles from TricorBraun for several years— asked, what if we could develop a carboy that is not only safe and sustainable, but does more than a typical carboy that was designed to hold and carry liquid. The TricorBraun Design and Engineering team used their expertise to create a truly unique and innovative product offering for the home brewing industry.

Tricorbraun appoints Declan McCarthy Chief Financial Officer

TricorBraun, a global packaging leader, has appointed Declan McCarthy as Chief Financial Officer, effective immediately. Reporting to President and CEO Court Carruthers, McCarthy is based at the company’s Global Support Center in St. Louis. A 30-year finance veteran, McCarthy oversees all aspects of the company’s financial functions. He serves on TricorBraun’s Executive Leadership Team, playing a key role in business planning and strategy.

TricorBraun’s consumer research shows that moms also prefer scoops that are appropriately-sized for dosing, incorporate dosage indicators and have a grippable handle

TricorBraun conducted qualitative research to understand consumer behavior, preferences, needs and experiences with different scoop designs. Insights gathered directly from consumers about what they prefer and how they interact and use scoops enables TricorBraun’s packaging consultants to understand which scoop solution is preferred for infant formula powders, and identify future design opportunities.

  • Company News
  • English
  • Modified 04 Jan 2018
  • Hits 1283