TricorBraun has entered into a definitive stock purchase agreement with funds managed by Ares Management Corporation’s Private Equity Group and Ontario Teachers’ Pension Plan Board, both of which will acquire a majority interest in the Company.
Berlin Packaging has acquired Consolidated Bottle Corporation, a leading packaging supplier in Canada, which significantly expands Berlin Packaging’s footprint in Canada. Following the acquisition, the company will be known as Consolidated Bottle Corporation, a Berlin Packaging company.
Manufacturers of rigid plastics packaging are increasingly responding to the demands of brand owners and co-packers who seek nimbler, more efficient supply chains and are interested in new ways to differentiate their containers and improve the sustainability of operations and packaging.
While the U.S. consumer is accustomed to seeing medication in both bottles and blister packs, bottles remain the dominant format in the U.S. Alternatively, since the end of World War II, the European standard for packaging medication has shifted toward the use of blister packs.