Knoxcorp has acquired Pro-Pac Packaging's Australian and New Zealand operations from administrator McGrathNicol, enhancing its footprint in the packaging industry.

Target Information

Knoxcorp has successfully acquired the Australian and New Zealand operations of Pro-Pac Packaging from administrator McGrathNicol Restructuring. This acquisition, while explicitly excluding the Perfection Packaging unit, will facilitate the transfer of current employees, ensuring continuity in workforce and operations.

Located in Dandenong, Victoria, Perfection Packaging is currently in the process of winding down with its closure anticipated next month. The acquisition is structured through two separate business sale agreements: one for the Australian business and assets under the management of Consolidated Packaging Australia, and another for operations in New Zealand, under Consolidated Packaging Limited, a subsidiary of Knoxcorp.

Industry Overview in Australia and New Zealand

The packaging industry in Australia and New Zealand is a vital sector contributing significantly to both economies. It encompasses a variety of products and services, spanning food packaging, retail, and