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Pro-Pac expands food processing business

12-Sep-2012
Last updated on 12-Sep-2012 at 14:38 GMT

Pro-Pac Packaging has acquired the business and assets of Start Food Tech Australia (SFT) for an undisclosed amount.

The SFT business will operate as a separate sales unit with warehousing and logistics being integrated into existing Pro-Pac distribution centres.

SFT is a national supplier of packaging consumables and products to the meat, chicken and fish processing industries and has a current annualised revenue of circa $11m.

Brandon Penn, Pro-Pac’s CEO, said: “The purchase of this business provides Pro-Pac with further critical mass in this strategic growth area.

“There are particularly good cross-selling opportunities and beneficial logistics and distribution synergies.”

Pro-Pac, a manufacturer and distributor of flexible and rigid packaging, said the deal would be funded from existing cash and bank facilities.