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.
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 A$5 million (NZ$6.4 million) in a deal agreed in December.
The purchase boosted Colorpak's market share to 31 percent from 11.2 percent.
The combined sales for the year ending June 2012, the first full year after the acquisition, are expected to be around A$210 million.
Carter Holt's Smithfield operation in New South Wales is being sold to another industry participant.
NZPA
Tue, 01 Mar 2011
Tue, 01 Mar 2011
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Colorpak completes Carter Holt purchase
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