Thrace Group has acquired 100 per cent of BHA Holdings Pty Ltd, which operates through Bulk Handling Australia and Bulk Handling New Zealand, strengthening its presence in the region.
BHA Holdings has operated for more than 40 years across Australia and New Zealand, providing integrated packaging solutions, including flexible intermediate bulk containers (FIBCs), bag unloading equipment, storage systems and material handling equipment. Its clients span agriculture, mining, chemicals and the food industry.
The acquisition forms part of Thrace Group’s broader strategy to expand its FIBC activities globally. The deal provides direct access to established distribution networks and an existing customer base, while enabling operational and commercial synergies and counter-seasonality benefits between Europe and Oceania. The total consideration was AUD 23.25 million (approximately EUR 14 million), financed through external borrowing.
For the year ended 30 June 2025, BHA Holdings reported revenues of AUD 37.6 million, EBITDA of AUD 4.1 million, and profit before tax of AUD 3.3 million.
Commenting on the acquisition, Dimitrios Malamos, Thrace Group CEO, said, “We welcome the people of BHA to Thrace Group. The integration of BHA constitutes another strategic step in the Group’s long-term growth trajectory. Strengthening our presence in the broader Oceania region creates conditions for further sales growth, expansion of our product portfolio and the realisation of operational and commercial synergies with our existing activities, enhancing the Group’s strategic resilience and international footprint.”
Raymond Purcell, managing director of BHA Holdings Pty Ltd, said, “We are very pleased to join Thrace Group. Integrating with a strong international Group with a clear strategic vision and long-term perspective marks an important milestone for our Company. This transaction creates new growth opportunities for our team, strengthens our product and commercial footprint and provides access to know-how and resources. We look forward to actively contributing to the continued growth of Thrace Group and to creating added value for our customers.”
