Morrison & Co completed the acquisition of a 50% stake in the crate pooling business of Pact Group for $160m.

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.