WestRock Company announced that it is expanding its consumer packaging portfolio with the acquisition of Hanna Group Pty Ltd (Hannapak), one of Australia’s leading providers of folding cartons to a variety of markets, including beverage, food, confectionary, and healthcare. The acquisition will build on WestRock’s established and growing packaging business in the region. “Hannapak has built an outstanding folding carton business in Australia based on their superior capabilities and customer service,” said Steve Voorhees, chief executive officer of WestRock. “We have a strong relationship with the company and the Hanna family based on an 18-year partnership as one of our key converting partners in the region, and we are excited about the clear cultural and operational fit between the two companies. This acquisition expands our geographic footprint to better serve global and local customers, and will enable us to improve WestRock’s beverage packaging business in the region while expanding our participation to a variety of other attractive end markets.” Click Read More below for additional details.
Graphic Packaging Holding Company (NYSE: GPK), a leading global provider of packaging solutions to food, beverage and other consumer products companies, today announced that its wholly-owned subsidiary, Graphic Packaging International Australia Pty Limited, has completed the previously announced acquisition of 100% of the outstanding shares of Colorpak (ASX: CKL), a leading folding carton supplier in Australia and New Zealand. Colorpak operates three converting facilities located in Melbourne, Australia, Sydney, Australia and Auckland, New Zealand.