Pact Group bringing forward new packaging, looking at acquisitions

By Kate Tilley
Correspondent

Published: July 15, 2014 11:07 am ET
Updated: July 15, 2014 11:21 am ET

Image By: Pact Group Ltd. Pact's award-winning milk bottle design uses triple-layer HDPE to preserve milk better.

Related to this story

Topics Mergers & Acquisitions, Asia, Oceania, Packaging, Blow Molding, Insert molding, Design

MELBOURNE, AUSTRALIA — Australian packaging company Pact Group Ltd.’s high density polyethylene milk bottle design is on its way to amassing a trophy cabinet full of awards.

The bottles — used by Auckland, New Zealand-based dairy Fonterra Co-operative Group Ltd. since April 2013 — were judged best product from New Zealand at the World Tour by Sial product awards in Paris.

The annual awards, previously known as the Sial d’Or Awards, recognize the world’s most innovative new food industry products.

Melbourne-based Pact Group’s LightProof brand bottles will now compete against other global products for major awards presented at the annual Sial exhibition in Paris in October.

Sydney-based Good Design Australia Pty. Ltd. also awarded the bottles a good design selection award in the packaging and graphics category of its annual awards.

Fonterra was a finalist in the best dairy packaging innovation category in the 2014 World Dairy Innovation Awards for the Pact-designed bottles.

The annual awards, presented in Istanbul, Turkey, last month, are run by Bath, England-based FoodBev Media Ltd.

The bottles are manufactured from triple-layer HDPE which preserves milk and cream’s nutritional value and taste by protecting the bottles’ contents from sunlight and retailers’ refrigerator lights. A black layer of HDPE is sandwiched between two white layers.

Last month, Pact signed a long-term extension to two technology licensing agreements with Copenhagen-based RPC Superfos Ltd. that will allow it to continue its exclusive access in Australia and New Zealand to “leading-edge technology and know how,” including future developments, in thin wall injection molding.

The extensions apply to Pact subsidiaries, Dunedin, New Zealand-based Tecpak Industries Ltd. and Melbourne-based VIP Plastic Packaging Pty. Ltd.

Pact Group has more than bottles driving its growth, though. The company is nearing the commercial launch of a plastic paint pail product, Perfect Paint Pail, developed by its design division, Inpact Innovation Pty. Ltd.

Inpact is a standalone division within Pact, with a team representing industrial designers, engineers, inventors and sustainability specialists.

And even as it is introducing new products Pact said in a presentation to the Australian stock exchange earlier this year that it is seeking acquisitions, especially in the Asian markets. It is especially focused on the potential acquisition of Indonesian plastics packaging company Dynapack Asia Pte. Ltd.

An Australian newspaper reported Dynapack is owned by Pact non-executive chairman Raphael Geminder’s private company Geminder Holdings and Indonesia’s Hambali family and had sales of A$235 million last year (US$220.7 million).

In May, Dynapack added to its operations when it bought a Chinese packaging company. The firm did not identify the name of the business it acquired.

Pact has blow molding, injection and compression molding and automated assembly processes of plastic packaging and components with 39 manufacturing plants across Australia, and another 23 in New Zealand, China, the Philippines and Thailand. There are 2,200 employees in Australia, 900 in New Zealand and 400 in Asia.

It reported sales of A$567.6 million (US$532.8 million) for the first half of its 2014 fiscal year.


Comments

Pact Group bringing forward new packaging, looking at acquisitions

By Kate Tilley
Correspondent

Published: July 15, 2014 11:07 am ET
Updated: July 15, 2014 11:21 am ET

Post Your Comments


Back to story


More stories

Image

Berry's rebranded Blue Clover expands packaging design reach

January 23, 2015 1:59 pm ET

As design director of Berry Plastics Corp.'s rebranded packaging design studio, Scott Fisher believes the new name of Blue Clover Studios cuts the...    More

Image

W&H buys bigger stake in BSW

January 23, 2015 10:43 am ET

Windmoeller & Hoelscher KG will get more involved in flexible packaging machinery through its bigger stake in machinery maker BSW Machinery Handels-...    More

Image

Esterform buys Constar UK, doubles PET preform capacity

January 23, 2015 10:07 am ET

Constar UK, once part of global packaging firm Constar International Holdings LLC, has a new owner.    More

Image

Dielectric expands capability range with acquisition of Centerline Machine

January 22, 2015 4:00 pm ET

Dielectric Corp. of Menominee Falls, Wis., is expanding its ability to machine a wide range of materials and sizes with the acquisition of Centerline ...    More

Image

Delia to take over as CEO at Amcor

January 22, 2015 10:27 am ET

There will be a leadership change at the helm of Australian packaging company Amcor Ltd. starting in July.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events