Cormack, a major packaging supplier in Australia and New Zealand, serves customers in the food and beverage, pharmaceutical, personal care, industrial and household cleaning industries
TricorBraun has agreed to acquire Australian packaging firm Cormack. (Credit: TricorBraun)
US-based rigid packaging solutions provider TricorBraun has agreed to acquire Australian packaging solutions provider Cormack Packaging for an undisclosed sum.
Established in 1940, Cormack is a major packaging supplier in Australia and New Zealand.
Cormack, which is providing rigid packaging products for more than 80 years, serves customers in the food and beverage, pharmaceutical, personal care, industrial and household cleaning industries.
The company’s product portfolio consists of complex and volume closures, in addition to whole-of-pack solutions for various markets.
TricorBraun president and CEO Court Carruthers said: “Mathew Cormack and his team have established the company as a respected leader in the market over many decades.
“We are pleased to welcome Cormack to the TricorBraun family, and we look forward to helping the team continue its strong growth while serving customers with innovative and quality packaging solutions.”
All Cormack team members, including managing director Mathew Cormack and the company’s executive team, will continue to work with TricorBraun from the company’s existing locations across Australia and New Zealand.
Cormack will run as Cormack Packaging, a TricorBraun company, upon the completion of the deal.
In a statement, Cormack said: “I am truly excited for the opportunities this brings to Cormack Packaging to better serve this region’s customers.
“Sharing like values, as well as a common passion and commitment to be the best partner for our valued customers, make TricorBraun the ideal home for Cormack Packaging to thrive.”
The deal is expected to be completed by the end of this month.
In July this year, TricorBraun acquired US-based SGB Packaging Group, which provides packaging solutions for customers in the cosmetics, skincare, fragrance and personal care industries.
Established in 1902, TricorBraun offers plastic and glass containers, closures, dispensers, tubes and flexible packaging products for a range of customer end markets.