Planet Paper Group Acquires TRICOR POP

 

Planet Paper Group, Toronto, Ont., Canada, has acquired TRICOR POP, Cleveland, Ohio, USA. Planet Paper Group has three locations across Canada and employs more than 300 people. It is a nationwide, family owned packaging products, display, and fulfillment service provider to CPG and consumer products manufacturers, with paper converting facilities in several current locations. 

"This is a real game changer for the Planet Group of companies," said Jason Berns, group President. "Overnight this gives us a major presence for all of our business segments in the Midwest and Northeast, and soon the other parts of the U.S., giving us a full national footprint. This is a huge step for everyone at Planet Group. It makes us North American in every way."

"Leveraging the Planet Groups' excellent design capabilities and implementing their proven manufacturing best practices will provide our customers with exceptional display and packaging solutions and provide our employees and business partners significant opportunities for growth," said Dave Ticchione, GM, Planet Display and Packaging Inc.

"The acquisition of Tricor provides Planet Group of companies a foothold in the U.S. to better serve existing and new CPG customers located in the region. We whole-heartedly welcome the Tricor employees to Planet Group and look forward to the many opportunities ahead for all of us. It is an honor for us to be working so closely now with our U.S. based clients," added Jason Berns.

This Acquisition expands Planet Group's service to U.S. markets and enhances end-to-end display, packaging, and merchandising solutions. The family-owned business will operate as Planet Display & Packaging Inc. Terms of the transaction were not disclosed. 

The group designs and manufactures corrugated and permanent displays for the retail industry and offers fulfillment and distribution services.

The combined companies' packaging offerings and fulfillment capabilities expand Planet Group's footprint and will improve its ability to provide North American customers with end-to-end merchandising solutions. Similar to Planet Group, Tricor uses market research and an integrated merchandising model to provide customers with value-added insight and end-to-end solutions. Both companies serve retailers and consumer packaged goods customers in pharmaceuticals, health and beauty, electronics, stationaries, food, beverage, consumer product, household, and personal care segments.