By NZPA
Friday 28th June 2002 |
Text too small? |
Vertex plans a float valued between $60 and $70 million.
The company is New Zealand's largest rigid plastics packaging manufacturer , and has rebuilt its four manufacturing sites, including Hamilton, to support its export-led growth.
Vertex employs 269 workers at its Te Rapa plant where it makes household and industrial containers, large drums and technical injection componentry.
Since it was sold by Carter Holt Harvey less than two years ago, Vertex has lifted turnover from about $75 million to $90 million and has assets of about $63 million.
Australian investment company Pacific Equity Partners and partners are selling out. Managing director Paddy Boyle and 10 other managers will remain with the company on listing.
Mr Boyle said Vertex products loomed large in people's lives but most of the public were unaware of it.
Some of its other products included icecream containers for Tip Top, Kiwi and Talley, plastic recycling bins , foam meat packaging trays , speciality drench guns and vacuum packs, and ear tags for animal identification.
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