Hello Saragian that’s very kind of you .. Pact is interesting :...

Hello Saragian that’s very kind of you ..

Pact is interesting :
Brother company, Visy is going great guns - a “Trump favourite”
“Australian’s richest person Anthony Pratt has overseen a record profit result for his cardboard box manufacturing and recycling empire Visy, and is targeting for the group to become a $10 billion business within five years.
.....
“It is part of our pledge to spend $2bn (over 10 years) in Australia, which mirrors our $US2bn pledge in the US. We see Australia and America as intertwined.”
Last year, Pratt Industries pledged to invest $US2bn to create 5000 manufacturing jobs in the US, attracting the praise of President Donald Trump as the Australian company reaps the benefits of business-friendly tax cuts and a bill that allows business a full depreciation of capital spending in one year rather than spreading it out over several.”........
https://www.theaustralian.com.au/bu...r/news-story/92db9f5041561af857ff8ba4916ad375 (If anyone wants full story just ask and I’ll paste the lot)


But here it’s not so shiny after a happy start in December 2013 ;

Pact is a Melbourne-based group founded in 2002 by non-executive chairman Raphael (Ruffy) Geminder who married Fiona, the youngest Pratt heiress .
“It said it had grown during that time from 15 manufacturing plants and revenue of $223 million to 62 plants and forecast revenue of $1.2 billion for 2013-14.
Pact shares are expected to start trading on 19 December, with Geminder set to retain ownership of about 40% of the company.
Geminder is the multimillionaire son-in-law of Visy's former chairman, the late Richard Pratt. Geminder's wife has a one-third stake in Visy, according to The Australian.
Geminder plans to transform Pact into a $5 billion enterprise within five years, according to The Australian.
"It has made more than 35 acquisitions since Mr Geminder led a management buyout of the industrial packaging assets acquired by Visy from Southcorp in 2002, which formed the centrepiece of Pact," according to The Australian.”....
http://www.proprint.com.au/News/365...-public-in-heavily-over-subscribed-float.aspx


“The IPO of Pact represented:

• The largest IPO in the Australian market in 2013
• The second largest packaging IPO ever completed globally

https://pactgroup.com.au/news/pact-group-lists-on-asx/


Ruffy has been interim Executive Chairman since CEO and Executive Chairman Malcom Bundey resigned on Seotember 10, 2018
......“He will remain available to the Company until 8 March 2019 to assist with a smooth transition whilst the Board searches for a new CEO. The Board has appointed Mr Raphael Geminder as Executive Chairman with immediate effect until such time as a new CEO has been appointed.
Mr Bundey commenced his tenure with Pact Group on 1 December 2015 and worked to lead the transition of the company following its public listing.”
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSTYP4w66zRGZsPBxke92GA==