Tricorbraun acquires beverage packaging leaders

Zuckerman Honickman and Vessel Packaging will remain with TricorBraun

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Tricorbraun
Tricorbraun acquires beverage packaging leaders Zuckerman Honickman and Vessel Packaging. photo Tricorbraun

TricorBraun announced on 7 January 2022, that it has acquired beverage packaging leaders Zuckerman Honickman (ZH) and Vessel Packaging (Vessel), strengthening the company’s position in the beverage packaging market.

“Our acquisitions of Zuckerman Honickman, a name synonymous with best-in-class beverage packaging, and Vessel Packaging, a leading Canadian value-added distributor of aluminum cans, bolster our ability to serve beverage customers with expanded offerings and services across North America,” said Court Carruthers, president and chief executive officer, TricorBraun. “We are incredibly excited to welcome the ZH and Vessel teams to the TricorBraun family and look forward to investing in their continued growth.”

All ZH and Vessel team members—including ZH president Michael Zuckerman, SVP of Strategy and Development Lorne Paskin and vice-president of Operations Jon Zuckerman, and Vessel Packaging chief executive officer Matt Leslie and chief operating officer Mitchell Evanecz—will remain with TricorBraun. The companies will operate as separate, stand-alone businesses, and the teams will continue to work out of their existing locations. Effective immediately, the companies will be known as Zuckerman Honickman, a TricorBraun company, and Vessel Packaging, a TricorBraun company.

Zuckerman Honickman – Serving the most iconic beverage brands

Zuckerman Honickman, a fourth-generation family-run business backed by more than 130 years of experience, provides innovative packaging to many of the most iconic beverage brands in the world, as well as entrepreneurial, breakthrough brands. The company serves customers in every beverage vertical including sports drinks, craft beer, cider, craft soda, wine, spirits, and more. Headquartered in King of Prussia, PA, ZH serves customers throughout the US and Canada.

“For more than a century, customers have relied on Zuckerman Honickman’s deep expertise and innovative packaging solutions,” said Michael Zuckerman, president, Zuckerman Honickman. “We know that TricorBraun shares the same dedication for going above and beyond for customers, and both teams maintain strong customer and supplier relationships. Zuckerman Honickman and TricorBraun’s cultures are closely aligned, and we are excited to experience our next phase of growth with such a respected packaging leader.”

With the ZH acquisition, TricorBraun grows its beverage offering and significantly expands its beverage and sustainable packaging expertise. As part of the deal, TricorBraun also acquired Delta Industries, a subsidiary of ZH and a distributor of reusable trigger sprayers and bottles.

Vessel Packaging – Canadian value-added distributor of aluminum cans

Since its founding in 2013 as a mobile canning business to serve British Columbia’s craft brewers, Vessel has developed into a one-stop shop for aluminum cans, offering everything from mobile canning and design services, to printed cans, can ends and carriers, shrink sleeving, and other labelling services. The company serves all major beverage end markets, including beer, wine, cider, kombucha, coffee, sparkling water, and ready-to-drink (RTD). Vessel has a national footprint with five locations across Canada (Vancouver, Calgary, Mississauga, Ottawa, and Montreal), and serves customers throughout Canada and the US.

“Our customers trust us as their packaging partner thanks to our reliability, expertise, and value-added packaging services,” said Matt Leslie, chief executive officer, Vessel Packaging. “We are immensely proud of our strong reputation in the beverage industry, and we are very excited for our next chapter of growth with TricorBraun.”

With the Vessel acquisition, TricorBraun expands its beverage offering, establishes a deeper position in aluminum cans, and grows its Canadian footprint.

Since its founding, TricorBraun has partnered with management teams to successfully acquire and further accelerate growth for more than 30 packaging companies.

Financial details of the agreements were not disclosed. JP Morgan Securities LLC served as the exclusive financial advisor to Zuckerman Honickman. KPMG Corporate Finance acted as the exclusive financial advisor to Vessel.

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The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

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