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TricorBraun Acquired by Ares Management and Ontario Teachers’ Pension Plan Board ST. LOUIS, March 4, 2021 – Global packaging leader TricorBraun (the “Company”) announced today the completion of its previously announced definitive stock purchase agreement with funds managed by Ares Management Corporation’s Private Equity Group (“Ares”) and Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”). Ares and Ontario Teachers’ have acquired a majority interest in the Company. “We are excited to continue our exceptional growth with Ares and Ontario Teachers’ as our partners,” said Court Carruthers, President and CEO, TricorBraun. “We look forward to working with Ares and Ontario Teachers’ to deliver exceptional service to our customers while continuing to build the best place for the best people in packaging.” ....
Ares Management and Ontario Teachers Pension Plan Board Acquires TricorBraun TricorBraun has entered into a definitive stock purchase agreement with funds managed by Ares Management Corporation’s Private Equity Group and Ontario Teachers’ Pension Plan Board. January 12, 2021 stock.adobe.com TricorBraun has entered into a definitive stock purchase agreement with funds managed by Ares Management Corporation’s Private Equity Group and Ontario Teachers’ Pension Plan Board. Ares and Ontario Teachers’ will acquire a majority interest in the Company. TricorBraun’s management team, including Executive Chairman Keith Strope and President and CEO Court Carruthers, will continue to lead the Company following the close of the transaction. TricorBraun’s leadership team will also retain a significant investment in the company, as will its current majority owner, AEA Investors. ....
Ontario Teachers’, Ares Buy Packaging Company The investors will take a majority stake in TricorBraun after it reported ‘record sales’ in 2020. A global packaging company has been acquired by the Ontario Teachers’ Pension Plan Board and Ares Management, the firm said Thursday. The investors agreed to take a majority interest in TricorBraun, a privately held company headquartered in St. Louis distributing rigid glass and plastic packaging, including bottles, closures, and flexible bags. TricorBraun Executive Chairman Keith Strope and President and CEO Court Carruthers will continue to lead the company. The leadership team and current majority owner AEA Investors will also continue to hold sizable stakes in the firm. ....
TricorBraun to have new private equity owner Print Private equity group Ares Management Corp. and the Ontario Teachers Pension Plan Board will acquire a majority of shares in St. Louis-based packaging distributor TricorBraun. The transaction is expected to close in the first quarter of 2021, a Jan. 7 news release said. TricorBraun s management team, including Keith Strope, executive chairman, and Court Carruthers, CEO and president, will continue in their roles following the close of the transaction, the release said. The management team will also retain a significant investment in the company, as will its current majority owner, AEA Investors. Ares and Ontario Teachers are the right partners to help us expand on our steady growth as we continue to build the best place for the best people in packaging, Carruthers said. ....