Interesting! After quite a period of retrenchment (and a fair...

Interesting!

After quite a period of retrenchment (and a fair share of terrible expansion ventures) it's nice to see PBP starting to flex it's muscles again but sticking to their knitting.

After moving the entire business back to the Laverton site, I was wondering when they would need to increase their footprint again. My guess would be that the acquisition will buy them (a) manufacturing space (b) expanded client base, and hopefully (c) ability to create value by pushing higher value product mix through South Pack.

Looks like  48% of the company is owned by CVC.AX, who purchased their holding 12 months ago for $4m-ish. http://www.aspecthuntley.com.au/asxdata/20170706/pdf/01872033.pdf

Also appears to be a tie up with Vita Life Sciences (VSC.AX) with common shareholders and being right next door to each other.  VSC are completing their own manufacturing plant in Malaysia early 2018.