M&A Deal Summary

TEC Projects Acquires Tecpak Industries

On October 19, 2010, TEC Projects acquired plastics company Tecpak Industries from Rangatira Investments

Acquisition Highlights
  • This is TEC Projects’ 1st transaction in the Plastics sector.
  • This is TEC Projects’ 1st transaction in New Zealand.

M&A Deal Summary

Date 2010-10-19
Target Tecpak Industries
Sector Plastics
Buyer(s) TEC Projects
Sellers(s) Rangatira Investments
Deal Type Add-on Acquisition

Target

Tecpak Industries

Dunedin, New Zealand
Tecpak Industries is a high technology, injection-moulding company specialising in the design and manufacture of thin-walled plastic containers for the food industry.

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Buyer(S) 1

Buyer

TEC Projects

West Sussex, United Kingdom

Category Company
Sector Engineering
DESCRIPTION

TEC are specialist project managers in the field of terminal and depot engineering, serving the needs of oil and gas marketing companies by designing and project managing Bitumen and Diesel facilities.


DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: New Zealand M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Rangatira Investments

Wellington, New Zealand

Investor Investor Investor


Category Private Equity Firm
Founded 1937
PE ASSETS 267M NZD
Size Small
Type Sector Agnostic
DESCRIPTION

Rangatira is an investment holding firm that looks for private equity investments in New Zealand and Australia. Rangatira typically looks to invest in small to medium-sized businesses operating in a wide range of industry sectors. Prospective companies can either be privately held or publicly listed. Rangatira was originally established in 1937 and is based in Wellington.


DEAL STATS #
Overall 1 of 6
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
Country: New Zealand M&A 1 of 5
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Greenfield Rural Opportunities

Christchurch, New Zealand

Greenfield Rural Opportunities (GRO) is a long-term investor in rural properties that have potential for development into higher producing farmland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-04 Te Kairanga Wines

Martinborough, New Zealand

Te Kairanga is one of Martinborough?s largest wine producers and is well known for its premium quality Pinot Noir. Production is planned to increase from 40,000 to 140,000 cases in the immediate future..

Sell -