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Thomsons package up another acquisition

Thomsons package up another acquisition

Thomsons Lawyers has advised on Pro-Pac Packaging’s Gallego asset grab.

Firms: Thomsons Lawyers (Pro-Pac), Kelly & Co. Lawyers (Gallego)

Deal: Pro-Pac acquires the assets and business of Gallego Pty Ltd, trading as "Deandy Packaging"

Area: M&A

Value: Undisclosed

Key players: Thomsons' Sydney corporate partner, David Zwi  was supported by senior associate, Jason Marcus(pictured). Marc Romaldi, partner and Lucy Simeoni, associate, advised the other side

Deal significance: Deandy is one of several acquisitions in the packaging sector on Pro-Pac's radar which, if successfully completed, will double its annual revenue. Pro-Pac's shares have risen more than 75 per cent since October last year. Thomsons have now completed seven acquisitions for Pro-Pac Packaging including Medirite Australia, Space-Pac Industries, Heron Professional Products, Stanli-Packaging, Hills Industrial Products, Deandy Packaging and Preferred Packaging.

 

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