Trimco acquires US-based Nexgen Packaging to further expand its global reach
Trimco Group, a leading global supplier of brand identity products for international fashion and sports brands, has acquired Nexgen Packaging, which supplies brand identity and packaging solutions to a portfolio of specialty retailer, apparel, and footwear brands globally.
The transaction is Trimco’s third acquisition since Brookfield took over the company in 2022. It has also acquired Wah Lung in Canada and Zabin in the US in 2023. All of the three acquisitions are in North America and together significantly enhanced Trimco’s presence in the region. Nexgen Packaging has a capable and experienced management team with long proven track record and will continue to manage the business going forward under its current CEO Jim Welch.
The combined operation will have an extensive global footprint in 27 countries covering Asia, North and Central America, Europe, and Africa. The acquisition will allow the two companies to integrate their global sales and manufacturing network, extend Trimco Group’s ProductDNA® platform (ESG and label compliance data management solutions) to more US brands, and offer elevated solutions to global customers.
Trimco Chairman and Brookfield Private Equity Managing Partner Alex Yang said: “Under Brookfield’s ownership and utilizing its operational expertise, Trimco has demonstrated how a pan-Asian business can become a truly global player. Our revenues are now split evenly among US, 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.”
“This is a unique opportunity for Trimco to accelerate our 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 Amy Wan, CEO of Trimco Group.
“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.” said Jim Welch, CEO of Nexgen Packaging.
About Trimco Group
Trimco Group is a leading global supplier of brand identity products for international fashion and sports brands. It provides innovative product designs and production techniques, offer ESG compliance advisory services on garments and label for the international apparel industry, and operate world-class logistics and production centers that are complied with high ethical standards. It strives to deliver a trouble-free supply chain for all our brand owners to meet market demands for quality, timeliness, sustainability transparency and traceability. Trimco Group is the combined force of Clotex, A-Tex, Labelon, Wah Lung Labels and Zabin Group, with more than 1,600 employees in 21 countries, serving more than 800 brands and 8,600 manufacturers around the world.
About Nexgen Packaging
Nexgen Packaging, LLC is a global provider of apparel brand identification and packaging products, serving the creative, product development, and production needs of apparel and footwear manufacturers and retailers, and their global manufacturing partners. The company is focused on simplifying everything from the creative process to order execution, utilizing innovative technologies to increase supply chain efficiency and enhance customer success. Nexgen has global sales and manufacturing operations, with headquarters in Hong Kong, Chicago, and Madrid.
