Philadelphia-based TriState Container Corporation (TriState) announced Thursday it had been acquired by Unicorr Packaging Group of Connecticut.
Multi-generational, family owned TriState operates out of three facilities in the Philadelphia area providing highly customized corrugated packaging, including high-graphic packaging products. The acquisition, Unicorr officials said, would expand Unicorr’s manufacturing footprint into Pennsylvania, and offer increased capability and flexibility for Unicorr and its customers.
“My grandfather founded this company over 70 years ago and through the years the most important thing at TriState has always been the customer,” Allen Friedman, TriState president, said. “I wanted to find a partner that shared these values and that would continue to steward the company in the right direction. Unicorr’s complementary capabilities and geography make them an obvious choice from a business perspective, but greater than that is their legacy as a family-owned business and their recognition in the market for serving their customers.”
Unicorr is also a multi-generation, family-owned business. Run by Hap Perkins, with his three sons, Mark, Nick and Jim, Unicorr also provides corrugated packaging solutions. The TriState and ProCorr brands will remain and TriState will operate as a subsidiary of Unicorr, Perkins said. Friedman will stay on as the company’s vice president of TriState Container and Jim Perkins will be joining the TriState management team.
“This acquisition strategically marks the next phase of growth for both Unicorr and TriState, and combining capabilities, services, and expertise across all locations will offer significant benefit to our customers,” Perkins said. “The geographic expansion and strong cultural fit along with the potential for cross-selling opportunities makes the combined company well-positioned for growth.”