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Planet Paper Group acquires Tricor POP
July 15, 2016 – Family-owned Planet Paper Group has acquired Tricor POP of Cleveland. Tricor uses market research and an integrated merchandising model to provide customers with value-added insight and end-to-end solutions.
July 15, 2016 By Planet Group of Companies
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.
“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, general manager, 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 honour for us to be working so closely now with our U.S. based clients,” Berns said.
This acquisition expands Planet Group’s service to U.S. markets and enhances end-to-end display, packaging and merchandising solutions. The business will operate as Planet Display & Packaging Inc.
Terms of the transaction were not disclosed.
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