ASX-listed PaperlinX buys Canterbury Packaging for A$2M

Sun, 05 Aug 2012

By Paul McBeth Aug. 6 (BusinessDesk) - ASX-listed PaperlinX will spend A$2 million expanding its New Zealand operations by acquiring Canterbury Packaging, a fortnight after signalling its intention to quit Eastern Europe and South Africa. The Scoresby, Victoria-based paper merchant and distributer will bundle the new acquisition into its existing New Zealand Spicers business, adding annual revenue of A$2.9 million, it said in a statement. The deal is expected to be completed by October, and will be funded through local credit facilities with...

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