M&A Deal Summary

Pro-Pac Packaging Acquires Integrated Packaging Group Pty

On September 11, 2017, Pro-Pac Packaging acquired packaging company Integrated Packaging Group Pty from Advent Partners for 178M USD

Acquisition Highlights
  • This is Pro-Pac Packaging’s 2nd transaction in the Packaging sector.
  • This is Pro-Pac Packaging’s largest (disclosed) transaction.
  • This is Pro-Pac Packaging’s 3rd transaction in Australia.

M&A Deal Summary
Date 2017-09-11
Target Integrated Packaging Group Pty
Sector Packaging
Buyer(s) Pro-Pac Packaging
Sellers(s) Advent Partners
Deal Type Add-on Acquisition
Deal Value 178M USD

Target

Integrated Packaging Group Pty

Reservoir, Australia
website
Integrated Packaging Group Pty Ltd. is a specialist manufacturer and distributor of stretch film wrap and associated products and has expanded into printed polyethylene products and PVC food films. Servicing both agricultural and industrial markets, IPG provides high quality and cost-effective solutions for protecting your crop, stock, and warehouse goods.

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Buyer(S) 1

Buyer

Pro-Pac Packaging

Reservoir, Australia

website

Category Company
Founded 1987
Sector Packaging
Employees399
Revenue 478M AUD (2020)
DESCRIPTION

Pro-Pac Packaging is a diversified manufacturing and distribution company, providing innovative, flexible and rigid packaging solutions for a broad group of customers. Pro-Pac Packaging was founded in 1987 and is based in Reservoir, Australia.

DEAL STATS #
Overall 3 of 3
Sector (Packaging) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (Australia) 3 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 Hills Industrial Products

Smithfield, Australia

Hills Industrial Products is a distributor of industrial packaging, safety and warehouse products, providing a comprehensive range of products to diverse businesses and industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-10 PB Packaging

Wetherill Park, Australia

PB Packaging offers a comprehensive product range of locally- molded and imported products to meet the varying and diverse needs of its customers. PB Packaging was formed in 1990 and is based in Wetherill Park, Australia.

Sell -

Seller(S) 1

SELLER

Advent Partners

Melbourne, Australia

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 700M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Advent Private Capital is an Australian private equity firm focused on investing in privately owned, growing businesses, with strong management and sustainable competitive advantages. Advent looks to invest in businesses valued between $15 and $100 million AUS with operating profits of at least $4 million. Advent considers itself a generalist private equity firm with an expansive industry focus, however, the Firm has a history of targeting manufacturing and service-based businesses. Advent will not invest in property development, resources, primary production, listed companies, start-ups or early-stage transactions. Advent was formed in 1984 and is based in Melbourne.

DEAL STATS #
Overall 10 of 11
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (Australia) 10 of 11
Year (2017) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Frosty Boy Australia

Yatala, Australia

Frosty Boy Australia is an Australian producer of high-quality, value-added dairy products including frozen dessert and beverage bases. Frosty Boy supplies 50 countries throughout the world and has won numerous export and customer awards. Frosty Boy Australia was founded in 1976 and is based in Yatala, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 SILK Laser Clinics

Adelaide, Australia

SILK Laser Clinics is a premium laser and skin rejuvenation business with clinics in non-major Australia capital city markets. SILK Laser Clinics was founded in 2009 and is based in Adelaide, Australia.

Buy -
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