Posts Tagged ‘Eco’

  • Pro-Pac picks up Eco in food packaging expansion

    Pro-Pac Packaging Australia is making further moves into the local food packaging industry, picking up the business and assets of Eco Food Pack Australia, with the Sydney-based packaging business set to be rolled into Pro-Pac’s existing infrastructure. 

    In an announcement published on 19 June, the publically listed packaging company told shareholders that Eco Food Pack Australia (Eco) has experienced high sales growth and market acceptance over a relatively short period of time, with current annualized revenues standing at around AU$12 million.

    In a statement, Pro-Pac said:

    Eco’s expertise and products are a natural extension to PPG’s existing product and customer base in the food industry…Eco will be relocated and integrated into PPG’s existing infrastructures. This will provide distribution synergies for the business as well as enhanced customer service for the customers.

    It is unclear whether job losses will result from the consolidation of the two businesses.

    For Brandon Penn, Pro-Pac CEO, the acquisition is further step for the company into the local food packaging industry.

    “The purchase of the Eco business is a strategic acquisition into the food packing industry and provides a very good fit for our business and customer base to broaden the product range into a market segment that we are focusing on,” he said.

    The acquisition is part of a larger expansion program by Pro-Pac that saw the company finalise the purchase of Sydney’s Australian Flexographic Printers and Adelaide’s Poly Products Co. earlier this month.

    That deal is set to see Australian Flexographic Printers’ business and assets rolled into Poly Products’ Regency Park premises in South Australia.