Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Pacific Equity Partners Acquires NZ Packaging Co.


12 September 2000

Pacific Equity Partners Acquires New Zealand’s
Leading Rigid Plastics Packaging Company


Pacific Equity Partners announced today that it has signed an agreement to purchase the New Zealand plastics packaging division of New Zealand company Carter Holt Harvey Limited effective on 2 October.

The division, to be renamed Vertex, is the leading supplier of rigid plastics packaging products in New Zealand. Vertex serves a well-diversified portfolio of independent customers across a wide range of products and market segments.

Pacific Equity Partners Managing Director Rickard Gardell said the company is very excited to be partnering the excellent management team at Vertex.

“We are extremely impressed by the company’s high calibre people and technology. We believe Vertex is the ideal growth platform from which to expand domestically and internationally.

“With PEP’s strong financial backing and our commitment to the company’s growth and further development, Vertex will soon be a force to be reckoned with in the broader packaging market,” said Mr Gardell.

Vertex Managing Director Paddy Boyle said the management team was very excited by the opportunity to grow the business through partnership with PEP.

“The partnership with Pacific Equity Partners provides us with a tremendous strategic resource, strong financial backing, and the opportunity to further grow our business in New Zealand, Australia, and beyond.”

Other high profile New Zealand companies which Pacific Equity Partners has successfully supported include leading beverage company Frucor Beverages Group. Frucor, in partnership with Pacific Equity Partners, has grown from a domestic fruit juice company to a world class beverage company with a significant international market presence. Frucor recently listed on both the NZSE and ASX.

About Pacific Equity Partners

Pacific Equity Partners, one of the largest investors of its kind in Australia and New Zealand, provides capital to support exceptional management teams in growing their businesses. Pacific Equity Partners invests in opportunities where its expertise, capital resources and understanding of financial structuring enable it to support management teams in improving operating performance and creating value.

Established in 1998, the firm invests in management buyouts, industry consolidations, divestitures, late-stage venture capital opportunities and other complex merchant-banking situations, in relation to companies whose principal place of business or operations is in Australia or New Zealand.

ENDS

For further information:
Rickard Gardell
Pacific Equity Partners
Tel: 00612 9229 1400
Mob: 0061 412 020 750

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news