News Release
Notice Regarding Acquisition of Flexible Packaging Business in Oceania
Japan Pulp & Paper Co., Ltd. (Head Office: Tokyo, Japan; Representative Director, President & CEO: Akihiko Watanabe; hereinafter “the Company”) hereby announces that its consolidated subsidiary, Ball & Doggett Pty Ltd (Head Office: Melbourne, Australia), has acquired the business of Caspak Products Pty Ltd (Head Office: Melbourne, Australia; hereinafter “Caspak”).
1. Background and Purpose
As part of the Japan Pulp & Paper Group's OVOL Medium-term Business Plan 2026, one of the strategies for the Non-Japan Wholesaling segment is to strengthen the sales of high-value-added products, such as flexible packaging materials, by incorporating complementary M&A into our existing sales network. This business acquisition was carried out under that strategy.
By acquiring the business of Caspak, which has a strong presence in the flexible packaging sector of the food industry, the Ball & Doggett Group aims to reinforce its position as a leading company in the paper distribution industry in Oceania and will continue to enhance its business segments across the group and strive for further growth.
2. Outline
Acquisition of flexible packaging business in Australia
Overview of the Target Company
| Name | Caspak Products Pty Ltd |
|---|---|
| Head Office Location | Braeside (suburb of Melbourne) |
| Representative | Bryce Hickmott |
| Business Description | Manufacture and Wholesale of flexible packaging materials, primarily for food packaging |
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For inquiries regarding this matter, please contact:
The Japan Pulp & Paper Co., Ltd. Public & Investor Relations Office on +81-3-5548-4026
