Thrace Group acquires Australian packaging firm BHA Holdings in ANZ expansion

Greek shaper Thrace Group has acquired Australian packaging concern BHA Holdings Pty Ltd, successful a determination that expands its operations into Australia and New Zealand.

The woody gives Thrace Group afloat ownership of BHA Holdings, which has operated successful the portion for much than 40 years supplying bulk packaging products to industries including agriculture, mining, chemicals and food.

The acquisition brings the Greek institution into person scope of markets successful the southern hemisphere, adding to its existing footprint successful Europe where it operates successful countries including Greece, Ireland and crossed Scandinavia.

In a statement, Thrace Group said the acquisition would strengthen its presumption successful the flexible intermediate bulk instrumentality (FIBC), oregon bulk bags, sector, where some companies are active. It said combining the businesses was expected to amended its quality to supply customers successful Australia and New Zealand and support further growth.

Chief enforcement D. Malamos said the acquisition reflected a absorption connected expanding into markets where the institution could physique connected existing operations.

“The summation of BHA Holdings enhances our capabilities and expands our planetary footprint,” helium said.

BHA Holdings wide manager Raymond Purcell said the institution would proceed operating under the caller ownership, describing the alteration arsenic an accidental for growth.