Plasdene Glass-Pak, a privately-owned, supplier of glass and plastic bottles, jars, containers and closures has announced the acquisition of West Australian-based Silverlock Packaging.
The merged entity will increase the size of Plasdene Glass-Pak by more than fifty percent and expand the company’s geographic coverage, product offering and team of packaging-solution salesforce.
The acquisition of independently-owned Silverlock packaging will greatly enhance the size and performance of Plasdene Glass-Pak in South Australia and Western Australian markets. In addition to complementary product type portfolios, markets served and capabilities, both are family businesses with similar cultures and service-focused enterprise philosophies.
Plasdene and Silverlock also both provide contractual distribution for glass manufacturer O-I and plastic packaging PACT Group companies, amongst others.
Already supplying hundreds of millions of glass and plastic bottles, jars, containers and closures annually, a merged entity will further enhance the buying power and supply chain capability of Plasdene Glass-Pak.
“Whilst we’ve had a distribution centre in Perth for more than ten years (and Adelaide even longer), it has certainly been challenging to penetrate and grow the business in these regions to the proportions expected, such is the strength of the well-established market presence of Silverlock and others. We are delighted we now have the means to merge these two wholly-Australian family businesses, and grow together”, said Ken Pearson, Managing Director, Plasdene Glass-Pak.
“With similar business models, many of the same or complementary manufacturers, clients and product range, as well as a like-minded approach to personal service, this strategic purchase makes sense,” Pearson said.
“We are delighted to take on this new challenge, and our team are working hard to provide a seamless transition,” says Pearson.
Plasdene Glass-Pak’s last acquisition was in May 2011, when the company purchased NSW-based wine bottle distribution business J.McCarthy.