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AEA Completes Sale of TricorBraun
New York – March 3, 2021– AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its announced today that its fund has completed the sale of TricorBraun, Inc. (“TricorBraun” or the “Company”) to a financial sponsor and a pension investor. As part of the transaction, AEA will continue to hold a minority stake in the Company. TricorBraun is a leading distributor of rigid and flexible packaging, including plastic bottles and jars, glass containers, flexible pouches, sprayers, dispensers, and closures.
TricorBraun, founded as Northwestern Bottle Company by the Kranzberg family in 1902, has a long history and track record of success in the rigid packaging distribution industry. During AEA’s ownership, the TricorBraun team drove a revitalization of the Company’s growth engine through a series of commercial excellence initiatives and infrastructure investments along with a renewed focus on growth through acquisitions, with nine acquisitions completed since 2017. This transaction underscores the Firm’s success in partnering with proven management teams to build market-leading packaging and distribution companies.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services.
TricorBraun is North America’s largest primary packaging distributor and one of the largest providers of packaging in the world. The company serves consumer packaged goods companies, from cutting-edge start-ups to the world’s most iconic brands, and is a critical packaging provider for the essential personal care and household cleaning, food and beverage, and healthcare/nutraceutical industries. From rigid to flexible packaging, stock and custom capabilities, and countless options of materials, industries, and markets served, TricorBraun’s range of packaging solutions sets it apart. Serving customers since 1902, TricorBraun has grown to $1.5 billion in annual sales, with more than 1,100 team members in 50 locations throughout North America, Europe and Asia.
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