Page 7 - Packaging News Mar-Apr 2020
P. 7

 March-April 2020 | www.packagingnews.com.au
| NEWS 7
HMPS owner Mark Emmett buys Propac Industrial
SYDNEY-BASED original equip- ment manufacturer (OEM) Propac Industrial has been snapped up by Mark Emmett, who is also the owner and man- aging director of Adelaide- based OEM HMPS.
Propac Industrial is a vertical formfillseal(VFFS)equipment manufacturer founded in 1992 by partners Craig Pullen and Kim McFadden. The pair has built the business into a formi- dable player in the VFFS machinery sector, with more than 600 installations in Australia, New Zealand, the US, and other markets.
The company designs and builds VFFS machinery at its facility in Sydney, where its manufacturing processes
– fabrication, component man- ufacture, assembly, electrical, and software design – are car- ried out.
Emmett, who purchased Propac Industrial for an undis- closed sum, told PKN he plans to keep the Sydney manufactur- ingfacilityoperatingasusual, and will retain all Propac Industrial employees. Emmett will take up the role of manag- ing director, while Pullen – the innovator behind the original VFFS machine that established the company – will remain in the business as a consulting engineer. Assisting Emmett with the integration process is HMPS engineer James Allen.
Emmett, who purchased Propac Industrial for an
undisclosed sum, told PKN he plans to keep the Sydney man- ufacturing facility operating as usual, and will retain all Propac Industrial employees. Emmett will take up the role of managing director, while Pullen – the innovator behind the original VFFS machine that established the company – will remain in the business as a consulting engineer. The two businesses, Emmett stressed, will operate independently but synergistically.
Asked what attracted him to Propac, Emmett said when he was looking to grow HMPS, he struck on the idea of buying Propac to grow both businesses side by side. The deal was final- isedinJanuary.■
New owner of Propac Industrial: Mark Emmett
ACCC greenlights
Orora Fibre sale
THE ACCC said it would not oppose Orora’s sale of its Australasian fibre busi- ness to Nippon Paper sub- sidiary Australian Paper. Orora signed an agree- ment to sell the business for $1.72bn in October.
According to the com- mission, Australian Paper
is the only independent, non-vertically integrated, domestic supplier of cer-
tain paper packaging inputs made from kraft fibre. After the acquisition, it would be vertically integrated with one of its major customers, Orora Fibre.
ACCC commissioner Stephen Ridgeway said the key focus of the investigation was the impact of this integration.
“We decided not to oppose this acquisition because we considered that imports and other Australasian producers of
Orora’s fibre business can be sold to Australian Paper, the ACCC says.
packaging paper products would continue to provide options for buyers,” he said.
“Although imports of kraft linerboard, used to make card- board boxes, are limited, we found it is readily traded glob- ally and is produced by several manufacturers around the world. If kraft linerboard was no longer available in Australia, Australian purchasers would be able to import this product at competitive prices.” ■












































































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