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.
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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…
THE AUSTRALIAN, by Damon Kitney
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