TricorBraun to acquire Australia's PB Packaging from Pro-Pac Packaging

TricorBraun agreed to acquire PB Packaging, a wholly owned subsidiary of ASX-listed Pro-Pac Packaging, expanding its presence in Australia. PB has 140 team members and the deal is expected to close in Q2 2022, subject to Foreign Investment Review Board approval.

“TricorBraun announced today that it has entered into an agreement to acquire PB Packaging (“PB”), a wholly-owned subsidiary of Pro-Pac Packaging Limited (ASX: PPG).”tricorbraun.com

• 3 sources
• tricorbraun.comTricorBraun To Acquire Australia's PB Packaging | TricorBraunApr 10, 2022
• packagingnews.com.auPro-Pac to exit rigids with $56m sale to TricorBraun - PKN Packaging NewsApr 11, 2022
• privateequityinternational.comPE-backed TricorBraun to acquire Australia's PB PackagingApr 11, 2022

Summarized from public sources; check the original articles before acting on it.