An Australian newspaper has reported that at least four private equity firms have shown interest in Melbourne-based Pact Group Pty. Ltd., after the privately owned packaging company reportedly hired Deutsche Bank to run a low-key process to sell all or part of the business.
Neither Pact nor Deutsche Bank would confirm the report, which quoted unnamed sources. Pact is a major Australia packaging company, manufacturing plastic products for the food and retail industries, including PET bottles and containers, plastic closures and plastic crates. It also manufactures larger containers for industrial applications, including plastic pails, cubes, drums and jerry cans.
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