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Thomsons package up another acquisition
Thomsons Lawyers has advised on Pro-Pac Packaging’s Gallego asset grab.
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Firms: Thomsons Lawyers (Pro-Pac), Kelly & Co. Lawyers (Gallego)
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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.
