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. 22.05.2018
    22.05.2018
    by      In
    Euchner has combined two of its key safety products to create a compact and enhanced protection module for guarding applications.
    The Euchner CTP transponder-coded safety switch is now available mounted on a sturdy lock plate, combined with a Euchner MGB (multifunctional gate box) handle module to... Read More
  2. 22.05.2018
    22.05.2018
    by      In
    RS Components is now supplying an award-winning IoT-based system from Abus said to deliver superior access-control management for small- to medium-sized commercial and industrial buildings.
    The Abus wAppLoxx can manage access to as many as 20 doors in a building or facility. The easy-to-use web-... Read More
  3. 22.05.2018
    22.05.2018
    by      In
    Available now in Australia from Mechtric, the Lovato DMG600 Series of panel-mount digital multimeters provide comprehensive power measurement capabilities to enable optimal control of energy consumption.
    The DMG600 and DMG610 promise high measurement accuracy over a wide range of parameters, with... Read More
  4. 21.05.2018
    21.05.2018
    by      In
    New from Control Logic, the Puls Dimension CP range of low-voltage power supplies combines high efficiency, premium quality and reliability, and space saving design from 5 to 20A.
    The advanced electronics in the CP range has unity power factor with minimal heat loss and low inrush current. Features... Read More