# Morrison acquires 50% stake in Pact Group's crate pooling business

Morrison agreed to acquire a 50% interest in Pact Group's reusable plastic crate pooling business serving Australia and New Zealand, valuing the business at an enterprise value of about A$380 million.

- Type: Acquisition
- Announced: 2023-08-16
- Where: Australia and New Zealand, Australia
- Value: $247.0M (380.0M AUD)
- Status: announced
- Products: reusable plastic crates, crate pooling services
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Pact Group](https://endata.com/companies/2510.md) (partner)
- [Morrison](https://endata.com/companies/10904.md) (investor)

## Sources

- [morrisonglobal.com](https://morrisonglobal.com/news-insights/morrison-co-enters-strategic-partnership-with-pact-group/), 2023-08-15: "Morrison has agreed to acquire a 50% interest in a Crate Pooling business from Pact Group ('Pact')."

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