none

PACKAGING GIANTS UNDERGO MERGER

19-09-2017
by 
in 
a lot of boxes

Packaging manufacturer Pro-Pac and Integrated Packaging Group (IPG) have begun a $177 million merger, aiming to bring the two companies decades of experience together to benefit the market.

The two companies have differing areas of expertise, but have both operated across Australia's packaging industry. 

IPG is Australia’s largest specialist manufacturer in flexibles, film and wrap, with and five manufacturing facilities across Australia and New Zealand.

“The combination of Pro-Pac and IPG provides many exciting opportunities in the growing Australian flexibles packaging market,” said Grant Harrod, CEO, Pro-Pac.

“Pro-Pac’s expanded capacity to manufacture and distribute high-quality products will delight our customer base and provide us with a one-stop-shop offering." 

“Pro-Pac will be a world class manufacturer without geographic constraints as we increase our offerings in key areas such as food service and agriculture film,” Harrod said. 

The merger will also see Rupert Harrington, Advent’s Executive Chairman, appointed to Pro-Pac’s senior management team, bringing to the table experience in manufacturing, services, health and technology.

IPG’s CEO, John Cerini, will also be appointed to lead Pro-Pac’s Industrial and Flexible Division.

“The acquisition of IPG represents a significant milestone in the realisation of Pro-Pac’s vision to become the pre-eminent flexible and industrial packaging manufacturer and distributer in Australia,” said Ahmed Fahour, Chairman, Pro-Pac .

“The opportunity to combine two very complementary businesses will deliver significant long-term value to Pro-Pac shareholders.”

Related news & editorials

  1. 17.09.2020
    17.09.2020
    by      In
    ICP Australia is proud to introduce ICP DAS’ NSM-206PFC 4-port 10/100 Mbps PoE(PSE) Ethernet Switch with 2 Fiber Ports (Multi-mode, SC Connector).
     The NSM-206PFC is a 6-port unmanaged Ethernet switch supporting Power-over-Ethernet on ports 1 to 4.
     The switch is classified as power source... Read More
  2. 17.09.2020
    17.09.2020
    by      In
    With a rugged, mechanical design and a whole host of on-board variables, the Control Devices CDJ420 series joystick can deliver sound performance in a wide variety of applications.
    The CDJ420 is available in single and dual axis configurations and features multiple ergonomic grips and custom switch... Read More
  3. 16.09.2020
    16.09.2020
    by      In
    Sydney’s 67-storey MLC tower has upgraded a series of switchboards, to ensure continued reliable supply as tenant power requirements continue to change and accelerate.
     Lead electrical contractor on the MLC upgrade project, Barnwell Cambridge, chose Australian-manufactured Fuji SMBE Macquarie... Read More
  4. 15.09.2020
    15.09.2020
    by      In
    Instrumentation specialist VEGA Australia is standing on the strength of its expertise and expanded a capability to extract critical information.
    The three areas that VEGA is involved in are level, pressure and density measurement. Now the company is not only producing information in each of those... Read More