PaperlinX acquires Canterbury Packaging

PaperlinX has announced its intention to acquire Christchurch-based Canterbury Packaging Limited.

Canterbury Packaging distributes industrial packaging consumables, hygiene, safety and hospitality products mainly in the Christchurch area. Its annual revenue is AU$2.9 million.

“The acquisition of Canterbury Packaging is a small but significant further step in our Diversified Products strategy,” said Andy Preece, Executive General Manager ANZA Region.

“This acquisition will provide a building block for Spicers New Zealand to diversify and leverage our existing footprint and infrastructure to build a national business with the expertise from Canterbury Packaging. The additional packaging consumables will build on the existing strong market position of our profitable Spicers business in New Zealand.”

PaperlinX acquired Spicers Paper in 2001; Canterbury Packaging will be combined with the existing Spicers business in New Zealand.

The company expected to complete the acquisition in October.