Colorpak completes Carter Holt purchase

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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Vector announces sale of HRV
GNE - 2025 ASM and closing date for director nominations
The Warehouse Group Appoints Chair
August 1st Morning Report
Infratil releases Climate Related Disclosures
The Warehouse Group Appoints Chief Digital & Transformation
The Financial Collapse Has Already Begun - Will You Be Caught Off Guard?
NWF - IMPLEMENTATION OF SCHEME OF ARRANGEMENT
EROAD Publishes FY25 Group Climate Statement
Synlait provides performance update