Thomsons Lawyers recently acted for Pro-Pac Packaging (PPG), an ASX listed national packaging group, in its acquisition of the assets and business of Hills Industrial. Hills Industrial is a Sydney based distributor of industrial packaging, safety and warehouse products. It differentiates itself by selling direct to customers through catalogue sales and its online sales website. The business has an annualised turnover of approximately $7.5m.
Thomsons Lawyers has now completed 5 acquisitions for PPG in the last few months (Medirite, Space-Pac, Heron, Stanli-Packaging and Hills Industrial).
The Sydney Corporate team advising on the transaction was Partner, David Zwi and Senior Associate, Jason Marcus.