Trimco Group has acquired Nexgen Packaging, which supplies brand identity and packaging solutions to a global portfolio of specialty retailers, apparel and footwear brands.
The transaction is the third acquisition for the global supplier of brand identity products for international fashion and sports brands since Brookfield Private Equity (BPE) acquired the company in 2022. BPE also acquired Wah Lung in Canada and Zabin in the U.S. in 2023. All three acquisitions are in North America and “significantly enhance” Trimco’s regional presence.
Nexgen Packaging’s management team will continue to manage the business under its current CEO, Jim Welch.
“We are very excited that Nexgen Packaging is now part of Trimco Group. Nexgen and Trimco share very similar strategies and are largely complementary to one another. We recognize that customers in the retail, apparel and footwear industries will benefit from this combination,“ offered Welch.
“The combined operation will have a global footprint in 27 countries covering Asia, North and Central America, Europe, and Africa.
The acquisition will allow both companies to integrate their global sales and manufacturing networks, extend Trimco Group’s Product DNA platform (ESG and label compliance data management solutions) to more U.S. brands and offer elevated solutions to global customers,” Trimco said in a media statement.
“Under Brookfield’s ownership and utilizing its operational expertise, Trimco has demonstrated how a pan-Asian business can become a truly global player,“ said Alex Yang, chairman of the Trimco Group and managing partner of Brookfield Private Equity. Our revenues are now split evenly among U.S., Europe and Asia.
“In addition to closing three value-accretive bolt-on acquisitions, we have also undertaken significant work with Trimco’s management team to optimize the business process and infrastructure, which positions Trimco better for further growth and expansion,” continued Yang.
Amy Wan, CEO of the Trimco Group, said this acquisition is a unique opportunity for Trimco to accelerate its growth in the U.S. market.
“We are very excited to join forces with the Nexgen teams to amplify our growth strategy and bring our world-leading IT solutions and sustainability product offerings to more brands,” said Wan.
Trimco Group combines Clotex, A-Tex, Labelon, Wah Lung Labels, and the Zabin Group. It has over 1,600 employees in 21 countries and serves more than 800 brands and 8,600 manufacturers worldwide.
Image courtesy Nexgen Packaging/Trimco Group
