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
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update
BGI - Director Michael Chai