09.23.21
TricorBraun, North America’s largest distributor of primary packaging, announced today that it has entered into an agreement to acquire Cormack Packaging.
Cormack is an Australian family-owned business that spans three generations with over 80 years of packaging experience. The company primarily serves the food and beverage, pharmaceutical, personal care, industrial and household cleaning industries.
Court Carruthers, president and CEO, TricorBraun, says, “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.”
All Cormack team members, including Managing Director Mathew Cormack and the company’s executive team, will remain with TricorBraun.
The team will continue to work out of the company’s existing locations across Australia and New Zealand. Effective with the closing of the transaction, Cormack will operate as Cormack Packaging, a TricorBraun company.
Mathew Cormack comments, “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.”
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. In July, the company acquired SGB Packaging Group.
The transaction is expected to close later this month.
Photo: The bottles shown are TricorBraun's glass packaging, via Instagram
