In 1952, Mr. Abraham Goldstein of New York invented and patented the manufacturing process for producing triple-wall corrugated sheets for use in heavy-duty box construction and as a strong yet light-weight replacement for wood or other forms of packaging.
Through the operation of Tri-Wall Containers, Inc., his invention quickly set a standard for military and other governmental use when shipping internationally, airdropping packages into remote or dangerous locations, or protecting large or fragile equipment. Government cost containment programs further confirmed the significant value of this product as freight and handling costs were substantially reduced.
This was particularly important for manufacturing and logistic customers during the 1970s when oil prices and subsequent transportation costs rocketed up due to the oil crisis.
To further capitalize on their innovative heavy-duty packaging products, Tri-Wall Containers, Inc. entered into international joint ventures. Starting with the United Kingdom in 1964 followed by the Netherlands in 1967, Israel in 1971, Australia in 1972, and Japan in 1974.
After expanding internationally, Tri-Wall Containers became an attractive investment opportunity for potential buyers.
In 1975, Indian Head Inc., a large and diversified manufacturing company, acquired Tri-Wall Containers, Inc. Then a year later, the Thyssen-Bornemisza Group, a private venture capital firm based in Zurich, Switzerland, acquired Indian Head Inc., resulting in Tri-Wall becoming a subsidiary of the Thyssen-Bornemisza Group.
In 1985, the Tri-Wall division of Thyssen-Bornemisza was acquired by Weyerhaeuser Company, an American timberland compan which also manufactures wood products. In 1990, Weyerhaeuser decided to focus on the North American portion of their Tri-Wall business and sold their interests in the various overseas Tri-Wall operations.
The various joint venture interests were divested to the respective joint venture partners with the exception of the Japan joint venture which was acquired by its President at the time, Mr. Yuji Suzuki. While big corporations did little to grow their Tri-Wall interests once acquired from Weyerhaeuser, Mr. Suzuki's entrepreneur spirit allowed the Japan interest to grow to new heights.
Since Mr. Suzuki reestablished Tri-Wall in Asia in 1996, the Company (Tri-Wall KK) has seen aggressive expansions into Japan, China, East Asia and Southeast Asia.
As the company's business grew abroad, it became clear that Japan was not the best headquarters location. Consequently, to expand its geographical reach, and work with talented people with diverse language and cultural skills, the decision was made to move the company from Tokyo to Hong Kong.
In 2010, Tri-Wall's corporate headquarter was shifted from Tokyo to Hong Kong for its long-term vision and growth, and thus the founding of Tri-Wall Limited.
Following the registration of the new business in 2010 and completion of an acquisition process in 2011, Tri-Wall Limited became a subsidiary of the CITIC Capital Partners in March 2011. Three months later, in June 2011, Tri-Wall Limited was officially open for business in Hong Kong.
In October 2016, Tri-Wall was acquired by the Rengo Group, one of the leading packaging suppliers in Japan. The Rengo Group defines itself as a "General Packaging Industry", providing comprehensive solutions for a wide range of packaging needs in the six core fields of paperboard, corrugated packaging, folding cartons, flexible packaging, heavy duty packaging, and overseas business, which form a hexagonal business structure.
The marriage between Rengo and Tri-Wall enables both companies to reach new heights while furthering their ability to deliver high quality products and services to their valued customers. Customers will benefit from expanded product and service offerings as Tri-Wall and Rengo work together to deliver the benefits of already identified synergies. Rengo strongly supports Tri-Wall’s vision of becoming a fully global one-stop supplier of heavy-duty packaging, which will allow Tri-Wall to enhance its capability of "Local Service, Global Reach." This combined with increased product and service offerings will allow Tri-Wall to further its goal in becoming the “Only One”, a motto that is at the heart of Tri-Wall in becoming indispensable to its customers.
Tri-Wall and Rengo are excited at what the future holds and feel strongly that the complimentary nature of their businesses will bring benefits to all stakeholders.
Today, the Tri-Wall Group operates as a wholly owned subsidiary of Rengo Co. Ltd. and has an extensive network of 7 corrugation facilities and over 100 fabrication facilities in Asia, as well as 1 corrugation facility and near 30 fabrication facilities in Europe and North America.
It has an effective and unique business model that leverages its extensive network of corrugation and fabrication facilities globally to provide customized packaging services and solutions that match the needs of its multi-national blue-chip customer base across a broad range of industries including automotive, electrical equipment, machinery, electronics, chemical, logistics, renewable energy, food, aerospace and others.