# 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.

- Type: Acquisition
- Announced: 2023-10-25
- Where: Melbourne, Australia
- Value: $22.5M (35.0M AUD)
- Status: announced
- Capacity: about $60m worth of folding carton revenue
- Products: folding cartons
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [IVE Group](https://endata.com/companies/9621.md) (acquirer)
- [JacPak](https://endata.com/companies/11150.md) (target)

## Sources

- [ivegroup.com.au](https://www.ivegroup.com.au/news/ive-enters-fibre-based-packaging-sector-with-strategic-acquisition-of-jacpak), 2023-10-25: "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."
- [print21.com.au](https://www.print21.com.au/packaging/ive-to-build-150m-a-year-folding-carton-business), 2024-02-29: "IVE acquired JacPak, located in Keysborough, Victoria, on 31 October, paying $35m for the $45m a year business, describing it as a cornerstone acquisition."

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