IVE Group to acquire JacPak for $35 million, entering fibre-based packaging

IVE Group signed a binding agreement to acquire 100% of Melbourne packaging group JacPak for a total consideration of $35 million. The deal enters the short to medium run folding cartons segment and is scheduled to complete on 31 October 2023.

“IVE Group Limited (ASX:IGL) announced today that it has signed a binding agreement to acquire 100% of Melbourne-based packaging group, JacPak, for a total purchase consideration of $35 million.”ivegroup.com.au

• 2 sources
• ivegroup.com.auIVE Acquires JacPak, Entering Fibre-Based Packaging Sector | IVE GroupOct 25, 2023
• print21.com.auIVE TO BUILD $150M-A-YEAR FOLDING CARTON BUSINESS - Print21Feb 29, 2024

Summarized from public sources; check the original articles before acting on it.