TricorBraun Acquires CanSource: Expanding Opportunities in the Beverage Industry

TricorBraun, the global packaging leader, has recently announced the acquisition of CanSource, a portfolio company of Broadtree Partners. This partnership brings new possibilities for CanSource to enhance its product and service offerings within the beverage industry. With their expertise and resources, TricorBraun is the perfect fit to drive CanSource's growth in the market.

CanSource, headquartered in Longmont, CO, has been a trusted partner of breweries and beverage producers for over a decade. They provide flexible and custom can and packaging solutions across various segments, including beer, wine, spirits, energy drinks, coffee, kombucha, and non-alcoholic beverages. Their commitment to quality and customer service aligns perfectly with TricorBraun's values.

CEO of CanSource, Paige Sopcic, expressed her excitement about joining forces with TricorBraun. She stated, "We've admired and respected TricorBraun for years and are excited to join a team who shares the same dedication to quality and customer service as we do."

Apart from their shared commitment to customer service, sustainability is another key driver behind the CanSource and TricorBraun partnership. Both companies recognize the importance of environmentally-friendly packaging solutions and will work together to further promote sustainability within the beverage industry.

Broadtree Partners, a lower-middle market private equity firm, expressed their enthusiasm about the acquisition. Johannes Zwick, Managing Partner at Broadtree, believes that TricorBraun's global presence and resources will contribute to the continued growth and success of CanSource. He stated, "We are proud of the growth the company has experienced with Broadtree and believe that this transaction will further enhance value for the company and its customers."

Following the acquisition, CanSource will operate as CanSource, a TricorBraun company. This transition will allow CanSource to leverage TricorBraun's extensive packaging capabilities and industry expertise, maximizing their potential in the market.

Holland & Knight, a prominent law firm, served as the legal advisor to Broadtree and CanSource, facilitating the smooth completion of the acquisition.

About Broadtree Partners

Broadtree Partners is a Charlotte-based lower-middle market private equity firm with an operator-centric model. The firm's team of operators and entrepreneurs works closely with business owners throughout the transaction process and transitions to running the day-to-day operations after an acquisition. Broadtree empowers companies to achieve sustainable, long-term growth while preserving their core values.

About CanSource

CanSource is a Colorado-based provider of custom packaging solutions, specializing in cans, sleeves, and prints for craft beverages, including both alcoholic and non-alcoholic drinks. With over a decade of industry experience, CanSource has built a strong reputation for quick lead times, on-time delivery, sustainability, and exceptional customer service.

About TricorBraun

Founded in 1902, TricorBraun is a global packaging leader, offering innovative solutions in plastic, glass, and aluminum containers, closures, dispensers, tubes, and flexibles. Their Design & Engineering Center focuses on forward-thinking design, driven by consumer insight and creative solutions. With over 2,000 packaging professionals across more than 100 locations, TricorBraun serves customers in the Americas, Europe, Asia, and Australia.

In conclusion, the acquisition of CanSource by TricorBraun represents a significant opportunity for both companies to expand their reach in the beverage industry. With their shared values of quality, customer service, and sustainability, this partnership is poised to create new possibilities and drive growth in the market.