The Zuckerman Honickman deal, which also includes acquisition of it subsidiary Delta Industries, is expected to allow TricorBraun to significantly expand its beverage and sustainable packaging expertise
TricorBraun has acquired Zuckerman Honickman and Vessel Packaging. (Credit: TricorBraun)
US-based rigid packaging company TricorBraun has acquired beverage packaging companies Zuckerman Honickman (ZH) and Vessel Packaging for an undisclosed sum.
All ZH and Vessel team members, including ZH president Michael Zuckerman and Vessel CEO Matt Leslie, will continue with TricorBraun.
Both companies will run as separate and stand-alone businesses. The teams of both firms will also continue to work from their existing locations.
Zuckerman Honickman, a fourth-generation family-run business, offers advanced packaging solutions to the global beverage brands.
The company’s solutions are used in various beverage verticals, including sports drinks, craft beer, cider, craft soda, wine and spirits.
Based in King of Prussia, Pennsylvania, ZH serves customers across the US and Canada.
As part of the deal, TricorBraun also acquired ZH subsidiary Delta Industries that distributes reusable trigger sprayers and bottles.
TricorBraun president and CEO Court Carruthers said: “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.
“We are incredibly excited to welcome the ZH and Vessel teams to the TricorBraun family and look forward to investing in their continued growth.”
Established in 2013, Vessel Packaging is a mobile canning business that serves as a one-stop shop for aluminium cans for craft brewers in British Columbia.
The company offers mobile canning and design services, printed cans, can ends and carriers, shrink sleeving, and other labeling services.
It serves different beverage end markets, including beer, wine, cider, kombucha, coffee, sparkling water, and ready-to-drink (RTD).
Vessel, which serves customers across Canada and the US, has five Canadian locations in Vancouver, Calgary, Mississauga, Ottawa, and Montreal.
J.P. Morgan Securities served as the exclusive financial advisor to Zuckerman Honickman, while KPMG Corporate Finance acted as exclusive financial advisor to Vessel on the deal.