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Ares Management et le Régime de retraite des enseignantes et des enseignants de l’Ontario ont fait l’acquisition de TricorBraun

ST. LOUIS – Global packaging leader TricorBraun (the “Company”) announced today the completion of its previously announced definitive stock purchase agreement with funds managed by Ares Management Corporation’s Private Equity Group (“Ares”) and Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”). Ares and Ontario Teachers’ have acquired a majority interest in the Company.

“We are excited to continue our exceptional growth with Ares and Ontario Teachers’ as our partners,” said Court Carruthers, President and CEO, TricorBraun. “We look forward to working with Ares and Ontario Teachers’ to deliver exceptional service to our customers while continuing to build the best place for the best people in packaging.”

TricorBraun is North America’s largest primary packaging distributor and one of the largest providers of packaging in the world. The company serves consumer packaged goods companies, from cutting-edge start-ups to the world’s most iconic brands, and is a critical packaging provider for the essential personal care and household cleaning, food and beverage, and healthcare/nutraceutical industries. From rigid to flexible packaging, stock and custom capabilities, and countless options of materials, industries, and markets served, TricorBraun’s range of packaging solutions sets it apart. Serving customers since 1902, TricorBraun has grown to $1.5 billion in annual sales, with more than 1,100 team members in 50 locations throughout North America, Europe, and Asia.

TricorBraun’s management team, including Executive Chairman Keith Strope and Carruthers, will continue to lead the Company. TricorBraun’s leadership team will also retain a significant investment in the company, as will its former majority owner, AEA Investors.

“With the completion of our investment in TricorBraun, we are looking forward to taking the next step in partnering with the Company, Ontario Teachers’ and AEA,” said Brian Klos, Partner in Ares’ Private Equity Group. “We are excited about working with the talented team at TricorBraun as we look to build upon the Company’s success and history of growth.”

“TricorBraun has served as its customers’ trusted packaging partner for more than 100 years,” said Karen Frank, Senior Managing Director, Equities, Ontario Teachers’. “We are pleased to partner with Ares, AEA, and the strong management team to support TricorBraun’s next stage of growth and innovation.”

Terms of the deal were not disclosed.

About TricorBraun
Founded in 1902, TricorBraun is North America’s largest distributor of primary packaging and one of the largest purchasers of packaging in the world. The company provides innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes, and flexibles. TricorBraun operates from 50 locations globally. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. Other services include global sourcing, manufacturing oversight and global supply chain programs. Visit

About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating integrated groups across Credit, Private Equity, Real Estate and Strategic Initiatives. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent, attractive investment returns for fund investors throughout market cycles. As of December 31, 2020, Ares Management's global platform had approximately $197 billion of assets under management with more than 1,450 employees operating across North America, Europe and Asia Pacific. For more information, please visit

About Ontario Teachers’ Pension Plan Board
Ontario Teachers' is the administrator of Canada's largest single-profession pension plan, with C$204.7 billion in net assets (all figures at June 30, 2020 unless noted). It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an annual total-fund net return of 9.5% since the plan's founding in 1990. Teachers' is an independent organization headquartered in Toronto. Its Asia-Pacific regional offices are in Hong Kong and Singapore, and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded as of January 1, 2020, invests and administers the pensions of the province of Ontario's 329,000 active and retired teachers. For more information, visit and follow us on Twitter @OtppInfo.


Jennifer Frighetto

Ares Management Corporation
Brunswick Group
Alex Yankus, 212-333-3810
Ares Management Corporation
Carl Drake, 800-340-6597

Ontario Teachers’ Pension Plan Board
Dan Madge