Planet Paper Group of Ontario has acquired Tricor POP of Cleveland, adding to its paper converting holdings in Canada. A family-owned company, Planet Paper employs more than 300 people and provides packaging products, and display and fulfillment services.
“This is a real game changer for the Planet Group of Companies,” said Jason Berns, 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. It makes us North American in every way.”
The Tricor business will now operate as Planet Display & Packaging Inc. Terms of the transaction were not disclosed.
Dave Ticchione, general manager, Planet Display and Packaging, commented on the deal: “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.”
The expanded Planet Paper group designs and manufactures corrugated and permanent displays for the retail industry and offers fulfillment and distribution services. It serves retailers and consumer packaged goods customers in pharmaceuticals, health and beauty, electronics, stationery, food, beverage, consumer product, household and personal care segments.
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