Page 6 - Packaging News Jan-Feb 2020
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6
NEWS
www.packagingnews.com.au
January-February 2020
TOP CLICKS
1GOVT INVESTS $100M
IN RECYCLING FUND
The Federal Government has poured $100m into a new fund, run by the Clean
Energy Finance Corporation, to support recycling projects and keep waste from landfill. (See
2story p8)
PACT BOOSTS POST-CON- SUMER RESIN RECYCLING Pact Group has significantly expanded its processing and recycling
capacity for locally-sourced post-consumer resin.
3RECORD NUMBER OF WORLDSTARS FOR ANZ COMPANIES
The 2020 WorldStar Packaging Awards winners
have been announced, with eleven Australian and New Zealand companies to be recognised. (See story p9)
4MESSAGE IN A BOTTLE
Global glass giant OI’s Australian and New Zealand operations are up for sale. (See story this page)
5CCL BUYS GEELONG LABEL COMPANY Global label giant CCL Industries spent $8.1m to buy Stuck on You, the
Geelong-based manufacturer of personalised kids’ labels. (See story opposite)
6COKE’S LIGHT-UP LIGHTSABER LABELS Coca-Cola Singapore released a limited edition run of Star Wars-themed
bottles with lightsabers that illuminate via organic LED (OLED) technology. (See p39)
Local OI
operations up for sale
TOP STORIES FROM THE PACKAGING NEWS WEBSITE PACKAGINGNEWS.COM.AU
GLOBAL glass giant Owens Illi- nois (OI)’s Australian and New Zealand operations are up for sale, in a deal that promises to be the biggest local manufac- turing transaction since Nip- pon scooped up the Orora Fibre Packaging business.
According to Andres Lopez, CEO, for the nine months end- ing September 2019, the com- pany reported an earnings loss of $450m. This equates to a
negative $700m swing from the same time just one year prior. The company burnt through USD$500m cash, and the share price fell from $20 to $8.50 (USD).
“Our portfolio review will include a strategic evaluation of the Australian and New Zea- land operations,” said Lopez.
Goldman Sachs has kicked off the sales process for the five plants in Brisbane, Sydney,
Melbourne, Adelaide, and Auckland, with potential buy- ers now circling.
According to the Australian Financial Review, Goldman Sachs pitched the business as “the largest consumer of recycled glass in Australia and New Zealand, going through more than 375,000 tonnes per year”.
AFR estimates the business is worth more than $1bn. ■
Spicers expands packaging with Direct Paper deal
SPICERS is buying rival mer- chant Direct Paper as part of its strategy to move into new areas, with the deal giving it an increased presence in packag- ing papers and boards.
The O’Neill brothers, Dale and Todd, will be taking se- nior roles in the
business and are
keen to be a part of its success into the future.
The move brings together the sec-
Opportunity: David Martin, CEO Spicers.
ond and third biggest paper merchants in the country, al- though it will still be some way behind number one Ball and Doggett, and will result in all 50 Direct staff joining the new operation. Spicers’ revenue for the last financial
year reached $384m. Speaking to PKN David Martin, CEO of Spicers, said, “This acquisition will give us access to new mar- kets. There is some overlap, but in the main we operate in different sectors.
“Spicers is delighted to wel- come the Direct Paper business on board, and we know our cus- tomers will benefit.
“Delivering more value to the paper and packaging seg- ment remains a key focus for Spicers. The combination of the Spicers and Direct Paper businesses will enable us to broaden our offer together and continue to deliver on our promises, to our customers and our suppliers,” he said. “Spic- ers saw the acquisition as a route to expand our market and bring on board new exper- tise. It is a win-win.” ■


































































































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