Planet Paper Group, a family owned company with three locations across Canada, acquired Tricor POP of Cleveland, Ohio. Planet Paper CEO Jason Berns describes the purchase as a game-changer for the company: “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,” he said. “This is a huge step for everyone at Planet Group. It makes us North American in every way.”
In addition to expanding its services into the United States, Planet Paper explains the acquisition also enhances its end-to-end display, packaging and merchandizing offerings. The family-owned business, with more than 300 employees, will operate as Planet Display & Packaging Inc. Terms of the transaction were not disclosed.
“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, General Manager, Planet Display and Packaging Inc.
Both Planet Paper and Tricor – focusing on packaging, point of purchase display and retail signage– serve retailers and consumer packaged goods customers in pharmaceuticals, health and beauty, electronics, stationaries, food, beverage, consumer product, household and personal care segments.
Planet Paper Box is the company’s primary sheet plant in Concord, Ont., accounting for 150,000 square feet, which has supplied corrugated cartons and sheets to a variety of businesses since 1963.
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