Packaging products supplier TricorBraun, St. Louis, Missouri, announced Thursday that it has agreed to acquire Price Container and Packaging, a rigid packaging distributor serving primarily the industrial and food markets. Financial terms of the deal weren’t disclosed.

“Our acquisition of Price Container will significantly add to our robust range of packaging solutions by expanding our industrial presence,” said Court Carruthers, president and CEO, TricorBraun. “As we continue to provide essential, quality packaging, we look forward to serving customers with their industrial and other market needs. We welcome Price Container to the TricorBraun family.”

All Price Container team members will remain with TricorBraun; owner Ryan Price, will play an important role in executing TricorBraun’s strategy to create a new industrial packaging platform. The team will continue to work out of the company’s existing locations in the Salt Lake City and southwest Washington areas. Effective with the closing of the transaction, Price Container and Packaging will operate as Price Container, a TricorBraun company.

“This is a very exciting time in Price Container’s 22-year history,” said Price. “We’re proud to join a respected packaging leader, and with TricorBraun’s expansive reach, as well as commercial and operational excellence, we can grow while offering expanded services to our customers. I also look forward to our work with our supplier partners, which continues to be an important focus.”

TricorBraun is portfolio company of the private investment firm AEA Investors. Price Container will mark the company’s eighth acquisition in the last three years. The transaction is expected to close in September 2020.