Listed national packaging group, Pro-Pac Packaging, has purchased Sydney-based Eco Food Pack Australia, a developer and marketer of food packaging trays for the fresh meat, seafood and poultry industries.
Pro-Pac provides end to end solutions for general industrial packaging, safety products, personal protection and disposable products (PPE), products and packaging for the food services and food processing sectors.
It has acquired a number of other companies in recent months, including the purchase of the business and assets of Poly Product and Australian Flexographic Printers.
Eco Food's range of trays are used by fresh food processors to pack product into retail packs that are predominantly sold through the major supermarket chains in the fresh meat, seafood and poultry aisles.
It has experienced high sales growth and market acceptance over a relatively short period of time and has current annual revenues of approximately $12 million.
Pro-Pac said Eco’s expertise and products are a natural extension to its existing product and customer base in the food industry.
Eco will be relocated and integrated into Pro-Pac's existing infrastructures.
Pro-Pac's CEO, Brandon Penn, said the latest acquisition fitted into its strategic plans to expand into the food sector.
“The purchase of the Eco business is a strategic acquisition into the food packing industry and provides a very good fit for our business and customer base to broaden the product range into a market segment that we are focusing on,” he said.
Pro-Pac's purchase of Sydney's Eco Food Pack will enable it to build its presence in the food processing and packaging industry.
