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Pro-Pac Packaging acquires two Australian companies

Australian manufacturing and distribution company, Pro-Pac Packaging has acquired the business and assets of two companies Source and Sell, and Stronghold Wholesale.

Pro-Pac CEO Brandon Penn said the acquisition provides the company with further critical mass at the respective regional operations.

"There are also particularly good cross-selling opportunities, as both businesses bring together new customers and new products," Penn said.

Pro-Pac, which has not disclosed the value of the purchases, said the two acquisitions have combined annual revenue of about $10m at present.

Source and Sell supplies packaging products to the growers, packers and bakers in the food industry, while Stronghold Wholesale distributes general industrial products such as strapping, stretch wrap and tapes.