TricorBraun Acquires I-PAK

St. Louis-based TricorBraun is the nation’s leading designer, developer and supplier of rigid packaging for a wide range of industries.

24/03/07 TricorBraun, an award winning leader in the rigid packaging industry, is pleased to announce the acquisition of Boston, Massachusetts-based Independent Packaging Incorporated (I-PAK) effective March 9, 2007.

"We are excited about all of the options and resources that will be available to our customers and personnel as we join the TricorBraun team," said Gil Sullivan, founder and former Chief Executive Officer of I-PAK.

St. Louis-based TricorBraun is the nation’s leading designer, developer and supplier of rigid packaging for a wide range of industries. The company has more than 100 years of experience in design, engineering and global sourcing which allows it to offer its customers a comprehensive array of rigid packaging options engineered to deliver success. With over 30 locations across North America, TricorBraun is the largest, most flexible and innovative packaging distribution organization anywhere.

The transaction expands and diversifies TricorBraun’s business base in the New England market. Effective immediately, I-PAK becomes a part of TricorBraun, with immediate access to the broad and flexible resources of TricorBraun including:

* 3 full service design and engineering studios
* industry leading global sourcing
* industry leading logistics management
* more than 3,500 TricorBraun molds
* proprietary packaging database featuring more than 32,000 items
* an operationally excellent organizational structure that benefits customers and suppliers alike

"We are very pleased to welcome I-PAK to the TricorBraun family. We are excited about the enhanced resources the combined companies will offer to our customers," said Keith J. Strope, President and Chief Executive Officer of TricorBraun.