Published On: Mon, Jun 29th, 2015

Pact Group sets sights on buying its way to $5 billion

 

The Melbourne billionaire Raphael Geminder‘s Pact Group is poised to make further acquisitions in the materials handling as it pursues its ­ambition to become a $5 billion enterprise by 2020, says The Australian report.

Pact Group recently made its biggest acquisition since becoming a listed company last year, the $80 million purchase of Barry Smorgon and John Tisdale’s packaging company Jalco, and Mr Geminder said there was more to come.

Last August, Pact agreed to pay $34.8 million for the Australian and New Zealand operations of waste and recycling bin manufacturer Sulo. Pact also acquired the Cinqplast, Plastop and Viscount China businesses from Geminder’s private companies at the time of the IPO…

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THE AUSTRALIAN, by Damon Kitney

 

Raphael Geminder Successfully Completes Australian Pact Group IPO and Raises US$584 Million

–   – Just over two weeks ago, on December 3rd, Jewish Business News reported on the launching of an initial public offering (IPO) that had just commenced, by Australian plastic and steel rigid container More…

PACT-GROUP

Clive Minchom On Tuesday, December 3rd, 2013

Raphael Geminder’s Pact Group Files Prospectus to Raise a $649 Million in Australian IPO

Announcement of the offering Late last week on November 27th, the Pact Group, a prominent privately held Australian packaging manufacturing company, filed a prospectus with the Australian Securities and Investments More…

PACT GROUP Raphael Geminder

Clive Minchom On Thursday, November 7th, 2013

Raphael Geminder’s Pact Group May Be Preparing $616 Million IPO in Australia

– Pact Group Industries Pty, is a Melbourne, Australia based packaging industry company controlled by Raphael Geminder. The company may be about to proceed with an initial public offering that could raise as much More…

 

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