Austcor is closing the four-year-old Zac Pac packaging facility in Queensland, with all equipment to be sold off. The 12,000sqm production centre was a $25m investment under the previous owner John Zac and his family, opening in 2014.
Established in 1992 by John Zac's father Ed , the Zac Pac business – which had plants in NSW and Qld – was sold to Austcor last year, with Austcor now deciding it will close the Queensland plant and put the assets up for sale, hoping to realise $10m from offloading the equipm
Trevor Barnes, managing director of Austcor, said: "Following due diligence of the Zac Pac business and a detailed strategic review of the Zac Pac assets, we decided to close the Queensland facility, which was essentially a new factory on a greenfield site. The assets have therefore been placed for sale via private tender."
The 12,000sqm factory in Staplyton was created in 2014 to capitalise on strong growth Zac Pac had been achieving in the previous three years from an influx of major multinational clients in the food and beverage, personal care, and wine markets. It significantly expanded the company’s production of its corrugated packaging, litho laminated packaging, and litho cartons.
At the time John Zac said “The latest expansion is all about living up to new clients’ expectations while maintaining service for our existing customers. Our customers expect us to deliver the most excellent of services, high quality, and the quickest possible turnaround, and we commit to delivering exactly that from order placement to delivery.”
Sale of the equipment is bienig handled by UK brokers Charterfields. Ian Maycock of Charterfields added: "The sale represents an excellent opportunity to acquire a modern corrugating line and ancillary equipment. It is rare to see a full facility being offered for sale at the same time and we expect it to attract keen interest from trade buyers from Asia, the US and worldwide."
The machines include a 2014, 2.5m Marquip dry end, including double backer and 2.2 M Hsieh Hsu double-wall wet end corrugator with pedestal dry end configuration, and a 1995, A fully rebuilt S&S two-colour Flexo folder gluer with pre feeder and strapping machine, a 1982, A fully rebuilt S&S three-colour Flexo folder gluer with pre feeder and strapping machine, a 1983, A fully rebuilt Koppers Swift three-colour rotary die cutter 66" x 113" with stacker and prefeeder, a 1985, Tanabe OCG-EF-1650 four-point folder gluer, and a Coverta DC 2450 die cutter.
The sale runs until midnight GMT on Thursday October 18, viewing is by appointment only, for full details see the Charterfields website.
