Announced
Completed
Financials
Tags
Acquisition
Domestic
Minority
Private
Private Equity
Friendly
materials handling
Containers and Packaging
Australia
packaging
Single Bidder
Completed
Synopsis
Morrison & Co, a private equity firm, completed the acquisition of a 50% stake in the crate pooling business of Pact Group, a packaging and material holding company, for $160m. “We’ve been seeing increased demand from customers for a rapid scale up of our Crate Pooling offering as they look to operate more efficiently and sustainably in the circular economy. This new strategic partnership with Morrison & Co is a great outcome for our customers as it will accelerate the growth of the business and offer an expanded range of products and service, with Pact sharing in the upside," Sanjay Dayal, Pact CEO and Managing Director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.