Wednesday 2nd March 2011 |
Text too small? |
Australian packaging company Colorpak completed the purchase of the folding carton operations of Carter Holt Harvey from Graeme Hart's Rank Group today.
Colorpak bought four carton manufacturing plants - at Reservoir and Mount Waverley in Victoria, Villawood in New South Wales and in Auckland - for $A5 million (NZ$6.4 million) in a deal agreed in December.
The purchase boosted Colorpak's market share to 31% from 11.2%.
The combined sales for the year ending June 2012, the first full year after the acquisition, are expected to be around A2$10 million.
Carter Holt's Smithfield operation in New South Wales is being sold to another industry participant.
NZPA
No comments yet
CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report