Thomsons has acted for Pro-Pac Packaging on the acquisition of two complementary businesses, Poly Product Co Pty Ltd and Australian Flexographic Printers Pty Ltd.
Partner David Zwi advised on these transactions with support from Lawyer Janani Hallock. The acquisitions will be funded from existing cash and bank facilities.
Adelaide-based Poly Product Co is an iconic flexible packaging manufacturer. Sydney-based Australian Flexographic Printers specialises in Flexographic printing, laminating, paper waxing, slitting and converting.
Australian Flexographic Printers will be relocated to Adelaide and merged with Poly Product Co creating a synergistic business. The business will be earnings accretive in the 2014 financial year.