Trelleborg Sealing Solutions has signed an agreement to acquire Baron Group, an Australian-Chinese maker of precision silicone components, to strengthen its healthcare and medical offering. Baron had 2023 sales of about SEK 1,000 million and operates two plants in Australia and two in China.
Pact Group and Morrison & Co completed the sale of a 50 per cent stake in Pact's Crate Pooling business to Morrison, creating the 50/50 joint venture Viscount Reuse for reusable plastic packaging crates in Australia and New Zealand.
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.
Pact Group acquired Synergy Packaging, a Tullamarine, Victoria maker of PET bottles, bottle caps and jars, as of June 4, 2022. The terms of the transaction were not disclosed.
TricorBraun agreed to acquire PB Packaging, a wholly owned subsidiary of ASX-listed Pro-Pac Packaging, expanding its presence in Australia. PB has 140 team members and the deal is expected to close in Q2 2022, subject to Foreign Investment Review Board approval.
ASX-listed Pro-Pac Packaging Group agreed to buy Victoria-based flexible packaging maker Perfection Packaging for $49.8 million, funded by a capital raising. The factory in Dandenong South employs 100 people.
Integrated Packaging Group agreed a merger with Pro-Pac Packaging in a share sale deal valued at $177.5 million, creating a flexible packaging leader across Australia and New Zealand. Shareholder vote is expected end of October with tentative completion November 6, 2017.
Sydney-based Pro-Pac Packaging agreed a share sale to merge with Integrated Packaging Group in a A$177.5 million deal, creating a flexible and industrial packaging business, with completion proposed for 6 November after a shareholder vote.
Precision Global, a portfolio company of Peak Rock Capital and maker of valves and dispensing solutions, has acquired Australian plastics maker Ralpet Plastics Pty Ltd. The deal was reported on 2016-10-14.