The American designer and distributor of rigid packaging TricorBraun have acquired beverage packaging companies Zuckerman Honickman (ZH) and Vessel Packaging (Vessel). However, the financial terms of the transaction are yet to be disclosed.
ZH is located in King of Prussia, Pennsylvania and delivers products across all the beverage verticals comprising sports drinks, craft beer, cider, craft soda, wine, spirits and others, in the US and Canada.
The acquisition aspires to amplify TricorBraun’s beverage portfolio and strengthen its range of beverage and sustainable packaging services.
On the other side, Vessel furnishes mobile canning and design services and delivers printed cans, can ends and carriers, shrink sleeving and other labelling capabilities.
The company functionalizes through five locations across Canada, incorporating Vancouver, Calgary, Mississauga, Ottawa and Montreal and it serves multiple beverage end-use markets, including beer, wine, cider, kombucha, coffee, sparkling water and ready-to-drink across North America.
TricorBraun’s acquisition of Vessel Packaging contemplates fortifying TricorBraun’s position as an aluminium can provider and boosting its presence in Canada.
Court Carruthers, the President and CEO of TricorBraun said, “Our acquisitions of Zuckerman Honickman, a name synonymous with best-in-class beverage packaging, and Vessel Packaging, a leading Canadian value-added distributor of aluminium cans, bolster our ability to serve beverage customers with expanded offerings and services across North America.”
“We are incredibly excited to welcome the ZH and Vessel teams to the TricorBraun family and look forward to investing in their continued growth.”
The team members of ZH and Vessel comprising Michael Zuckerman, President of ZH and Matt Leslie, CEO of Vessel will be transferred to TricorBraun.
ZH will be rebranded as Zuckerman Honickman, a TricorBraun company, while Vessel will trade as Vessel Packaging, a TricorBraun company, however, both the companies will pursue to perform as a separate entity, standalone businesses from their current locations.
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