US-based rigid packaging provider TricorBraun has purchased beverage packaging companies Zuckerman Honickman (ZH) and Vessel Packaging (Vessel).
The companies have not disclosed the financial terms of the transaction.
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Based in King of Prussia, Pennsylvania, ZH supplies products across the beverage vertical, including sports drinks, craft beer, cider, craft soda, wine, spirits and others, in the US and Canada.
The addition is intended to increase TricorBraun’s beverage portfolio and its range of beverage and sustainable packaging services.
Vessel offers mobile canning and design services and provides printed cans, can ends and carriers, shrink sleeving and other labelling capabilities.
The company operate five locations across Canada, including Vancouver, Calgary, Mississauga, Ottawa and Montreal.
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By GlobalDataIt serves several beverage end markets, including beer, wine, cider, kombucha, coffee, sparkling water and ready-to-drink, across North America.
The acquisition of Vessel is intended to strengthen TricorBraun’s position as an aluminium can provider and bolster its presence in Canada.
TricorBraun president and CEO Court Carruthers 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.”
All ZH and Vessel team members, including ZH president Michael Zuckerman and Vessel CEO Matt Leslie, 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.
Both companies will continue to operate as separate, standalone businesses from their existing locations.
In October last year, TricorBraun agreed to acquire premium glass packaging supplier Vetroelite from private equity firm LBO France.
