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April 12, 2016
TricorBraun Acquires The Packaging Design Group

TricorBraun, a portfolio company of Chicago-based CHS Capital™ acquired The Packaging Design Group on April 12, 2016.

Headquartered in Maryland, The Packaging Design Group is an international, packaging innovation, design, development and consulting company with a focus on supplying custom rigid packaging solutions to the food, nutraceutical, pharmaceutical and healthcare markets. The company was founded in 1995 by Kenneth Gillman and Peter Kallman who have more than 70 years of combined experience in the field. The Packaging Design Group will continue to operate under its current name and will become a division of TricorBraun with immediate access to all of the resources and options that TricorBraun provides. For additional information, please visit www.packagingdesigngroup.com.

“The acquisition of The Packaging Design Group represents TricorBraun’s thirteenth acquisition. This acquisition aligns well with TricorBraun’s strategy of acquiring high-quality packaging suppliers. The acquisition expands TricorBraun’s customer reach, geographic footprint as well as its product and service offerings. We are excited to partner with The Packaging Design Group team and to support TricorBraun’s industry-leading packaging solutions platform,” said Dave Hawkins, Partner at CHS Capital.

“The Packaging Design Group is a perfect fit for what we’re trying to accomplish,” said Keith Strope, President and Chief Executive Officer of TricorBraun. “Integrity and talent have always been the cornerstone of our growth. The folks at The Packaging Design Group have plenty of both. Their extensive knowledge and experience along with their customer service focus are what make them so attractive. The wholly owned UK subsidiary, Packaging Design Limited, is also part of the acquisition and strengthens our presence in Europe. This addition to the family will definitely allow all of us to do more for all of our customers.”

Cross Keys Capital served as financial advisor to PDG while Miles & Stockbridge P.C. served as its legal counsel. Sidley Austin LLP and Husch Blackwell LLP served as TricorBraun’s legal counsel.

Founded in 1902 and headquartered in St. Louis, Missouri, TricorBraun is the largest distributor of rigid packaging solutions in North America, with over 40 locations globally and annual revenues of $1 billion. TricorBraun provides rigid packaging containers and related components as well as comprehensive package design, engineering and technical services, domestic and global sourcing and logistics management. TricorBraun serves the personal care, healthcare, household chemicals, industrial chemicals, food and wine markets. For additional information, please visit www.tricorbraun.com.

CHS Capital is a Chicago-based private equity firm with over 25 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital aims to accelerate earnings growth and drive value creation through human capital initiatives, performance improvement actions and strategic growth initiatives. Throughout its history, CHS Capital has made investments in over 400 businesses and invested $2.9 billion of capital. For additional information, please visit www.chsonline.com.