# IVE sets aside $30M-$40M to enter packaging via acquisition

Printing group IVE plans to move into fibre-based packaging and is seeking an acquisition, with $30 million to $40 million allocated for this and other earnings-accretive opportunities. The plan follows a strategic review announced with its full-year results in August 2022.

- Type: Investment
- Announced: 2022-08-25
- Where: Australia
- Value: $21.0M (30.0M AUD)
- Status: announced
- Products: fibre-based packaging

## Companies

- [IVE Group](https://endata.com/companies/9621.md)

## Sources

- [packagingnews.com.au](https://www.packagingnews.com.au/latest/ive-looks-to-packaging-on-strong-full-year), 2022-08-25: "IVE is aiming to enter the packaging market in the near term"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.