Packaging supplier TricorBraun, St Louis, said it has entered into an agreement to acquire Price Container and Packaging, a Willard, Utah-based rigid packaging distributor serving primarily the industrial and food markets. With two decades of expertise, Price Container has an outstanding reputation and long-standing customer and supplier relationships.
“Our acquisition of Price Container will significantly add to our robust range of packaging solutions by expanding our industrial presence,” said Court Carruthers, president and CEO, TricorBraun. “As we continue to provide essential, quality packaging, we look forward to serving customers with their industrial and other market needs.”
According to the companies, all Price Container team members will remain with TricorBraun, and owner Ryan Price will play an important role in executing TricorBraun’s strategy to create a new industrial packaging platform. The team will continue to work out of the company’s existing locations. Effective with the closing of the transaction, Price Container and Packaging will operate as Price Container, a TricorBraun company.
“This is a very exciting time in Price Container’s 22-year history,” said Price. “We’re proud to join a respected packaging leader, and with TricorBraun’s expansive reach, as well as commercial and operational excellence, we can grow while offering expanded services to our customers.”
The companies said the transaction is expected to close in September 2020.