Officially announced during last week’s APPEX 2024 trade show, Fibre King has acquired Paksmart, creating a strategic alliance that the company says aims to "revolutionise the packaging sector" by providing comprehensive solutions under one unified brand.
Fibre King said the union brings to the forefront “a new era of cartoning solutions, merging decades of family-driven excellence and shared values”.
With the merger, manufacturers now gain access to a full range of sophisticated end-of-line packaging solutions from a single provider, and ensuring that clients benefit from the continuity of service.
"This merger is more than a business decision – it's about building upon a shared legacy that prioritises quality, innovation and customer satisfaction," said managing director James Windsor.
"Our fusion with Paksmart is a testament to our dedication in offering manufacturers a comprehensive suite of packaging solutions crafted with precision and care – a true reflection of Australian family values and ingenuity."
In terms of the merger harmonising and offering new opportunities for both company’s customers, Windsor told PKN: “When I considered the opportunity, it made a lot because their range of equipment is compatible with ours, but does not compete with it. This allows us to offer the next piece of equipment up the line of production for our clients, while also allowing us to speak with existing Paksmart customers about the downstream solutions.”
“Paksmart’s expertise is in cartoning equipment – so taking your bagged products and putting them into cardboard box. Once it’s in a cardboard shelf box, we will then take that and put it into a wraparound or RSC case for shipping. And of course, we also have the palletising and all of that in the back end.”
This acquisition reinforces Fibre King’s status as a premier manufacturer of high-quality machinery – now also crafting Paksmart machines.
Distinct from solely distribution-based alternatives, Fibre King offers a comprehensive and integrated solution, bolstered by steadfast local support.
The company says manufacturers can now trust in the reliability of top tier machinery, exceptional local after-sales service, and production lines honed by years of industry expertise.
"For us, the merger is about fortifying our promise to the industry," said Rodney Barnes founder of Paksmart.
“Together, we aim for higher standards of reliability, productivity and innovation. Our combined strength solidifies our position in the field and shows our dedication to Paksmart's legacy."
Following the company’s announcement of the acquisition, James Windsor, CEO of Fibre King, sat down with PKN’s Wayne Robinson to speak on the implications of the recent purchase of the Paksmart has on the industry. [Check out the conversation in full here.]
After the transition period, Fibre King will be taking the business from the Sydney base it is in now up to its offices in Brisbane, however, the company will still be supplying and offering the same extended support network expected from both companies.
