MBC specialises in refurbishing and recycling industrial containers, including steel and plastic barrels, drums, and intermediate bulk containers (IBCs)
TricorBraun has signed an agreement to acquire US-based Mark’s Barrel Company. (Credit: postcardtrip from Pixabay)
Rigid packaging products distributor Packaging firm TricorBraun has signed an agreement to acquire US-based Mark’s Barrel Company (MBC), extending its industrial packaging capabilities.
MBC specialises in refurbishing and recycling industrial containers, including steel and plastic barrels, drums, and intermediate bulk containers (IBCs).
The industrial container services provider’s services include sustainable packaging and ecologically safe collection alternatives.
The firm said customers can lessen their environmental impact by using an efficient and affordable substitute for new purchases by using reconditioned and recycled packaging.
Mark’s Barrel Company president Mark Schwietz said: “We have great respect for the TricorBraun team, and share their passion for serving customers.
“Partnering with TricorBraun will allow us to take our company to the next step in our growth—for the benefit of our team members and customers. We are excited to join the TricorBraun team.”
Under the terms of the agreement, all MBC team members will stay with TricorBraun following the sale and continue to operate out of the business’s current site close to Salt Lake City, designed to support the reconditioning and recycling operations.
Upon the completion of the transaction, Mark’s Barrel Company will now operate as TricorBraun Industrial Services.
TricorBraun market development SVP Brian McCarthy said: “Over the last 26 years, MBC has established a strong reputation in the industrial packaging and reconditioning industry for quality, service, and efficiency.
“Partnering with MBC is a tremendous opportunity to continue to provide our customers with more sustainable options. We look forward to welcoming Mark Schwietz and his team to the TricorBraun family and investing in the company’s continued growth.”
To date, TricorBraun has worked with management teams to successfully purchase and further accelerate the growth of 36 packaging firms worldwide.
In June this year, the company completed the acquisition of an Australian provider of plastic and glass packaging, PB Packaging.