Hyne Group, announced the acquisition of Pinetec Pty Ltd, a pallet and packaging business based in Perth, Western Australia. This marks the Hyne Group’s first manufacturing presence in the West in its 142 year history and follows its expansion into pallet manufacturing through the acquisition of Rodpak Pallets Pty Ltd & Packaging and Express Pallets & Crates Pty Ltd earlier this year.
Pinetec has one of the largest integrated pallet manufacturing and timber packaging operations in Western Australia.
Hyne Group CEO, Jim Bindon said Pinetec will continue to operate as usual, but with the benefit of being part of a global network. “This expansion of our pallet division into the West is an exciting time for both the Hyne Group and Pinetec.
The acquisition of Pinetec will finalise on 1 November 2024, subject to all Completion Precedents being met.