Packaging manufacturer, PACT Group has acquired specialty contract manufacturer Pascoe’s Group for A$41 million to boost its aerosol manufacturing capacity.
Pascoe’s is one of Australia’s largest manufacturers of aerosol and liquid based consumer products within the household and industrial chemicals category. Its products include cleaning, pesticides, air care, personal care and aerosol based food products. It is Australia’s largest manufacturer of aerosol cooking oil.
The acquisition of Pascoe’s expands PACT’s investment in speciality contract manufacturing.
PACT Group managing director Malcolm Bundey said that the purchase made sense for the company strategically.
“This acquisition provides capability in aerosol based products, a highly attractive segment in which Pascoe’s has a leading position. It also extends our capability within liquids filling, providing alignment with our Jalco business,” Bundey said.
“The team at Pascoe’s share our passion for innovation. They have strong technical knowledge and a demonstrated commitment to research and development. Our enhanced product and service portfolio and our continued commitment to innovation will enable us to better serve our customers and deepen existing relationships”.