Pro-Pac expands food processing business
The SFT business will operate as a separate sales unit with warehousing and logistics being integrated into existing Pro-Pac distribution centres.
SFT is a national supplier of packaging consumables and products to the meat, chicken and fish processing industries and has a current annualised revenue of circa $11m.
Brandon Penn, Pro-Pac’s CEO, said: “The purchase of this business provides Pro-Pac with further critical mass in this strategic growth area.
“There are particularly good cross-selling opportunities and beneficial logistics and distribution synergies.”
Pro-Pac, a manufacturer and distributor of flexible and rigid packaging, said the deal would be funded from existing cash and bank facilities.
