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Austcor closes $25m Zac Pac Qld site

Wednesday, 03 October 2018
By Wayne Robinson

For sale: Austcor closes Zac Pac Qld and puts all kit up for sale

A year after buying packaging printer Zac Pac, Austcor is closing the four-year-old packaging facility in Queensland, with all equipment to be sold off. The 12,000sqm production centre was a $25m investment under the previous owner John Zac and his family, opening in 2014.

The new factory in Staplyton was created to capitalise on strong growth Zac Pac had been achieving in the previous three years from an influx of major multinational clients in the food and beverage, personal care, and wine markets. It significantly expanded the company’s production of its corrugated packaging, litho laminated packaging, and litho cartons, and joined the  NSW production site.

Established in 1992 by John Zac’s father Ed , the Zac Pac business – which had plants in NSW and Qld – was sold to Austcor last year. Austcor has now decided it will close the Queensland plant and put the assets – including flexo folder goluers, die cutters up for sale, hoping to realise $10m from offloading the equipment.

Trevor Barnes, managing director of Austcor, said: “Following due diligence of the Zac Pac business and a detailed strategic review of the Zac Pac assets, we decided to close the Queensland facility, which was essentially a new factory on a greenfield site. The assets have therefore been placed for sale via private tender.”

At the time of the factory opening John Zac said “The latest expansion is all about living up to new clients’ expectations while maintaining service for our existing customers. Our customers expect us to deliver the most excellent of services, high quality, and the quickest possible turnaround, and we commit to delivering exactly that from order placement to delivery.”

Zac has since moved on from the printing and packaging world and is now director of Surfers Paradise based Leisure Cruising, which owns super yacht The Atlantic Princess that charters along the East Coast of Queensland from the Gold Coast up to Cairns.

All aboard: John Zac now in the yachting business with super yacht The Atlantic Princess

Sale of the equipment is bienig handled by UK brokers Charterfields. Ian Maycock of Charterfields added: “The sale represents an excellent opportunity to acquire a modern corrugating line and ancillary equipment. It is rare to see a full facility being offered for sale at the same time and we expect it to attract keen interest from trade buyers from Asia, the US and worldwide.”

The machines include a 2014, 2.5m Marquip dry end, including double backer and 2.2 M Hsieh Hsu double-wall wet end corrugator with pedestal dry end configuration, and a 1995, A fully rebuilt S&S two-colour Flexo folder gluer with pre feeder and strapping machine, a 1982, A fully rebuilt S&S three-colour Flexo folder gluer with pre feeder and strapping machine, a 1983, A fully rebuilt Koppers Swift three-colour rotary die cutter 66″ x 113″ with stacker and prefeeder, a 1985, Tanabe OCG-EF-1650 four-point folder gluer, and a Coverta DC 2450 die cutter.

The sale runs until midnight GMT on Thursday October 18, viewing is by appointment only, for full details see the Charterfields website.

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