TricorBraun Acquires Healthcare Packaging Company

TricorBraun Inc., St. Louis, Mo., USA, a packaging solutions company, has acquired Package All Corp., a 33-year-old healthcare-focused packaging distributor headquartered in Bayport, N.Y. As a result of the transaction, Package All has become a wholly-owned subsidiary of TricorBraun, but will continue to be led by its current executive team.

"Package All has significant expertise in rigid packaging for the healthcare industry," said Keith Strope, executive chairman of TricorBraun. "We are excited about the opportunities this acquisition creates to provide customers of both companies with expanded services."

Package All is a stocking distributor to the over-the-counter (OTC) generic pharmaceutical and nutraceutical industries, also providing packaging to several other industries, including personal care and beauty, sports, and fitness, food and beverage, and household and industrial.

"There is strong equity in the Package All name and business model, created by founder Drew Weidhorn and by Phil Padgett as president and CEO, and we will continue using both," said Strope. "We want to capitalize on the strong legacy built by Drew and Phil."

Court Carruthers (photo on right above), president and CEO of TricorBraun, pointed out that "the acquisition will be seamless. Everything will be business as usual, with new momentum. We want to leverage Package All's business model and grow with it. Package All's seven locations and more than 350,000 sq. ft. of warehouse space will expand TricorBraun's overall offering." 

Padgett said that "we are extremely proud of the company we and our teammates have built together. Partnering with TricorBraun is an exciting next step in our successful history of growth. It will provide Package All and our customers immediate access to new products, a larger supply chain, and expanded services, such as design and engineering."

Carruthers noted that "we are highly focused on the further expansion of products and services for our customers. Package All is a great company and we're proud to welcome Phil Padgett, his executive team, and every Package All team member to the TricorBraun family."

Package All is an NFS, cGMP Certified stocking distributor. Founded in 1984, it has distribution centers on the East and West Coasts, with more than 350,000 sq. ft. of storage space. The company is a leading stocking distributor to the over-the-counter (OTC) generic pharmaceutical and nutraceutical industries, also providing packaging to a number of other industries, including personal care and beauty, sports and fitness, food and beverage, and household and industrial. Package All's state-of-the-art warehouses feature live inventory systems (WMS), computerized electronic wire guidance for narrow aisle picking, and scan guns (for speed and accuracy). 

TricorBraun is a packaging solutions company, focused on providing innovative, custom solutions. TricorBraun operates from more than 40 locations throughout North America and internationally from: London, England; Guangzhou, China; Hong Kong; and Mumbai, India. Its Design & Engineering Center provides forward-thinking service driven by consumer insight, market understanding, and creative solutions. TricorBraun's advisory services range from preliminary planning and manufacturing oversight to warehousing and logistics programs.