TricorBraun Moves into Flexible Packaging with Taipak Acquisition
TricorBraun has acquired Canadian-based Taipak, a flexible packaging converter headquartered in Richmond, British Columbia.
“The acquisition of Taipak represents a true milestone for TricorBraun: It’s the very first time in our more than 100-year history that we have entered the flexible packaging industry,” says Keith Strope, executive chairman of TricorBraun. “It’s a move that significantly increases our product offering and capabilities.”
Taipak offers a complete range of standard and custom flexible packaging solutions, including boxes, pouches and bags. The company provides solutions for numerous industries, from food and beverage to health and wellness.
Taipak will be renamed “Taipak, A TricorBraun Company,” and Taipak’s current owners – Joey Lin and Charanjit Hayre – will continue to manage the business.