Pact Who we are

Growth Strategy

A key element of the Group’s strategy is to maximise long term shareholder value. The Group seeks to deliver long term value through focus on three core areas:

  • • Organic Growth – by protecting our core and growing organically with purpose;
  • • Efficiency – through operational excellence and targeting the lowest cash cost of production; and
  • • M&A – growth through disciplined, accretive M&A in core sectors and close adjacencies.

Organic Growth

The Group’s core business benefits from:
  • • leading sector positions;
  • • a diverse customer base with long-term relationships;
  • • a highly diversified product portfolio;
  • • broad end-market reach;
  • • an extensive manufacturing and supply network; and
  • • world-class innovation.

Key to the Group’s ability to grow organically is its ability to leverage these differentiating characteristics to create a competitive advantage. A core focus of the Group is innovation. Pact is widely recognised for our dedication to supplying some of the most innovative products in the market, supported by our in-house innovation capability and extensive global licencing arrangements. The Group’s commitment to innovation has been recognised through multiple industry and customer awards. Pact are the only packaging company to have achieved recognition for four consecutive years on the Australian Financial Review’s prestigious Most Innovative Companies List from 2013 to 2016.

Efficiency

The Group is committed to delivering operational excellence and the lowest cash cost of production.

The Group completed the 2015 Efficiency Program in the period, with the program delivering annualised benefits of $15 million, in line with expectations.

In the period, the Group progressed the implementation of the Operation Excellence Program, focussing on the adoption of lean manufacturing techniques across the Group’s manufacturing footprint. This program has delivered solid benefits in FY17 and will continue to drive further improvements in FY18 and beyond.

The Group will continue to review all areas of the business for efficiency opportunities in the pursuit of operational excellence.

Mergers and Acquisitions

The Group has a track record of success in identifying value accretive acquisition opportunities, executing transactions in a disciplined and systematic manner, and delivering cost synergies and operational efficiencies through integration. Acquisitions have driven earnings growth and enabled the Group to expand and diversify its product and customer portfolio.

All M&A opportunities must meet strict assessment and evaluation criteria. Opportunities must be low risk and aligned with the Group’s core sectors or close adjacencies, and expected returns must meet a minimum financial hurdle of 20% return on investment in year three.

Discipline in deal execution is provided by a centrally managed integration process. A strict timeline for transition and the centralisation of common operational and back-office functions ensures cost synergies and efficiencies are realised early.

Vision & Values

Our vision and values define our behaviour, shape our culture and guide the way we do business. Our Vision is to enrich lives every day through sustainable packaging solutions

Our Values:
  • • We walk in our customers’ shoes to serve them better
  • • We are committed to sustainability and providing an honest, safe and respectful environment
  • • We are passionate about driving results
  • • We pursue opportunities for transformational change
  • • We act with speed and purpose

History

Established by Raphael Geminder, Pact was formed in June 2002 and has grown significantly since inception.

This growth is the result of Pact’s strategy of acquiring long standing, well-established packaging businesses throughout Australia, New Zealand and Asia, combined with organic growth, a solid focus on integration, investing in improved business/operating systems, automated manufacturing, people and innovative products and processes. The integration of a number of acquisitions since inception has strengthened Pact’s manufacturing capability, broadened its geographic presence, and diversified its customer base.

Pact continues to seek local and regional opportunities for growth and management remains focused on bringing new skills, ideas, technology, scale and convenience to Pact’s clients through its network of businesses.

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