Rengo Co Ltd. and TRICOR Packaging & Logistics AG, one of Europe’s largest producers of standard and customer-specific industrial packaging solutions made of heavy corrugated board, is pleased to announce the acquisition of Thimm Packaging Systems, from the Thimm Group. The company further announced that Rengo, TRICOR’S Japanese parent company, released the relevant funds and approved the acquisition. Rengo is active in Europe with the TRICOR and Tri-Wall brands and is further expanding its presence in this market with the acquisition.
Thimm Packaging Systems is a leading supplier of multi-material packaging with seven locations in Germany and one location in the Czech Republic. The acquisition marks an important milestone for TRICOR, with the number of production and service locations growing from nine to seventeen as a result. TRICOR is thus further expanding its leading position in Europe.
Commenting on the acquisition, Robert Wiblishauser TRICOR’s CEO, said: “The acquisition of Thimm Packaging Systems further expands our strategic product portfolio and underlines our growth ambitions in Europe and allows us to increase the benefits for our customers in terms of security of supply, customer proximity and multi-material competences. With the ambition ’The best packaging solution for your products ‘. Thimm Packaging Systems develops individual packaging systems as well as efficient multi-material solutions made of heavy-duty corrugated board in combination with timber and cushioning made of PU, PE and PP foams, which will help us to achieve future growth. We welcome the Thimm Packaging Systems employees to our team, and look forward to their expertise contributing to the success of TRICOR.”
Klaus Wiblishauser TRICOR’s COO, said: “We are delighted with the acquisition of Thimm Packaging Systems, and to welcome their employees to the TRICOR family. The corporate culture on both sides is highly compatible – we look forward to the potential of Thimm Packaging Systems within the TRICOR Group.”
With the enlargement of the product portfolio, the company underlines its potential in design and innovation and has an even wider range of packaging solutions for customers in the fast-growing industrial sectors.
After the acquisition, Thimm Packaging Systems will operate as an independent business unit within the TRICOR Group under the name TRICOR Packaging Systems.