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Pact Group extended its seven-year crate ownership, washing and pooling contract with Woolworths by 10 years to 2033. The deal is reported as worth more than A$50 million a year, and Woolworths dropped its option to buy half of the Pact entity.
“Pact Group has extended its existing seven-year-old contract to own, operate, wash and store a crate pool for Woolworths Group by another 10 years.”packagingnews.com.au
Summarized from public sources; check the original articles before acting on it.