Sharechat Logo

Vertex lists on Monday

By NZPA

Friday 28th June 2002

Text too small?
A share offering in Vertex Group Holdings, one of Hamilton's biggest employers, closes today and the company will be listed on the stockmarket from Monday.

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.

  General Finance Advertising    

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.

Related News:

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
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report
June 26th Morning Report