PRO-PAC PAYS $3.2M TO ACQUIRE SUPREME PACKAGING

Flexo print operation Supreme Packaging has been bought by Pro-Pac for $3.2m, with the company expected to deliver revenue of between $10m and $12m in the next financial year.

The Clayton-based company with 50 staff runs an eight-colour wide web flexo print system. It also operates slitting, bag-making and miro-perforation systems. It has in-house prepress and design.

Its main markets were core Pro-Pac verticals of food, beverage and produce.

Pro-Pac says the acquisition is consistent with its strategy of growth through accretive acquisitions in existing and adjacent market segments.

Supreme Packaging has been supplying printed and plain packaging, all Australian manufactured, to a wide range of industries and companies since 1980, when it was founded.