Pro-Pac in $177m Integrated Packaging buy

摘要

ASX-listed Pro-Pac Packaging is acquiring Integrated Packaging Group (IPG), through a share sale agreement to the value of $177-5m. Citing pro-forma FY18F revenue of $472m, EBITDA of $377m and net profit after tax of $18.4m, Pro-Pac says it is positioned to capitalise on the growing flexibles market, backed by favourable consumers trends around fresh food and food safety.