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Dynamic manufacturer acquires nutraceutical company
Two firms have advised on the acquisition of a major supplier of manufacturing and packaging services for the nutraceutical industry.
Emma Musgrave
Firms: Baker & McKenzie (Pact Group); Mills Oakley (Salisbury Cove Corporate Pty Ltd and Perpetual Corporate Nominees Pty Ltd)
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Deal: Pact Group Holdings has acquired Australian Pharmaceutical Manufacturers (APM) from Salisbury Cove Corporate Pty Ltd and Perpetual Corporate Nominees Pty Ltd.
Value: $90 million
Key players: The Mills Oakley team was led by partners Warren Scott (pictured) and Ross Levin, with assistance from special counsel Venn King, associate Jacqui Murphy and graduate lawyer Lee Kolbe.
The Baker & McKenzie team was led by corporate partner Simon De Young, with assistance from senior associate Tyson May.
Deal significance: APM is based in Melbourne and is one of the largest providers of contract manufacturing and packaging services for nutraceuticals in Australia, providing a wide range of tablets, capsules and powdered products.
Pact Group Holdings' acquisition of APM is a further step in its strategy to expand in specialised co-manufacturing operations.
"This is a very significant acquisition for Pact as it enhances Pact's established position in co-manufacturing and its broader specialty packaging business,” said Simon De Young, corporate partner at Baker & McKenzie.
"We are delighted to be able to assist in the continued growth of Pact through our involvement in this transaction."
