Australian and New Zealand label converter Hally Group will be acquired this month by New Zealand-based Hexagon Holdings.
Hally Group's subsidiaries include Hally Labels in Brisbane, Christchurch and Auckland, AC Labels in Sydney, and Mark-It Labels in Christchurch.
The Hally Group, established in 1965, has built significant market positions in fresh food, beverage, manufacturing, shelf stable food, pharmaceuticals, nutraceuticals and horticulture. Hally businesses operate from five sites, employing 235 staff.
Hexagon Holdings currently owns New Zealand label converters Rapid Labels, Panprint and Kiwi, with key markets including wine, thermal, FMCG, laser and pharmacy.
The businesses will continue to trade independently and competitively, and there are no plans to merge any Hally or Hexagon subsidiaries.
Grant Hally, chairman of the Hally Group, said it was the end of an era, with the business established by Grant’s parents Ian and Pam Hally.
“It has been a wonderful 50-year chapter for our family," he said.
"We’re pleased to see the businesses joining a group of established and successful industry participants.”
Hexagon director Clark Perkins praised Hally, AC & Mark-It as “impressive and professional businesses with a deep understanding of the label sector”.
“Hexagon and Hally are highly complementary, and we're excited about the growth prospects of the expanded group,” he said.
Hexagon Holdings is owned by Mercury Capital and Tom Sturgess. Post completion, it will have combined annual sales of NZ$120m.
The transaction is due to be concluded mid-December.
