Aussie Packager Pact Group Buys Pharma Manufacturer

Pact Group Holdings Ltd. will pay $69M for Australian Pharmaceutical Manufacturers to expand production business.

Sep 13th, 2016
APM / Photo: http://www.plasticsnews.com/
APM / Photo: http://www.plasticsnews.com/

A recent article from Plastics News divulged a newly inked deal between two Melbourne-based companies: Pact Group Holdings Ltd. and Australian Pharmaceutical Manufacturers Pty. Ltd. (APM). The deal is expected to close on September 16th with a price tag of AUD $90 million (US $69 million). The deal is the second move in Pact’s strategy to expand manufacturing capabilities; last year, they purchased Jalco Group for $80 million.

Pact Group owns roughly 70 manufacturing plants in Australia, New Zealand, China, the Philippines, and Thailand. Their production capabilities include blow, injection and compression molding, and automated assembly of plastics packaging and components.

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