Further Expansion for Tri-Wall
As announced in October 2018, Tri-Wall Ltd, a subsidiary of Rengo, acquired 51% of Rosewood. Tri-Wall have now announced the wonderful news that they have acquired TRICOR Packaging, based in Germany. The acquisition will see Tri-Wall become one of the leading providers of heavy-duty corrugated packaging solutions across Europe.
TRICOR primarily supplies industrial customers in the automotive, chemical, mechanical & electronics sectors throughout central Europe, has 900 employees, and achieved turnover in the fiscal year 2018/19 of 187m euros.
Chairman of Tri-Wall, Yuji Suzuki commented ‘TRICOR is the #1 producer of heavy-duty packaging in Europe and will help us tremendously in expanding our business.’
Martin Muller, CEO of TRICOR commented ‘We are very proud to be part of Rengo and Tri-Wall’s group of companies. The combination of TRICOR’s expertise in industrial & heavy-duty packaging, with those of the Tri-Wall Group, will certainly strengthen our position as a global supplier of Industrial Packaging Solutions’.
Rengo and Tri-Wall’s group of companies achieved sales of 5.5bn euros in the fiscal year 2018/19 and has 17,000 employees.