National packaging group, Pro-Pac Packaging, has acquired Eco Food Pack Australia, which develops and sells food packaging trays for fresh meat, seafood and poultry.
Sydney-based Eco's range of trays are used by fresh food processors to pack product into retail packs predominantly sold through market supermarket chains.
Current annualised revenues for Eco are approximately $12m.
Pro-Pac sais Eco's expertise and products are a natural extension to its existing product and customer base in the food industry.
"The purchase of the Eco business is a strategic acquisition into the food packaging industry and provides a very good fit for our business and customer base to broaden the product range into a market segment that we are focusing on," said Pro-Pac's CEO, Brandon Penn.
The aquisition follows Pro-Pac Packaging's acquisitions of Source and Sell and Stronghold wholesale in November last year.