Japan Pulp and Paper Company (JP) informed that the company’s Board of Directors adopted a resolution formally
approving acquisition of shares of PagePack (AU) Pty Ltd. The acquisition is premised on the condition of receiving all necessary approvals from authorities in each of the countries.
PagePack is engaged in the import and wholesaling of paper, packaging and related products in Australia under the BJ Ball brand, and concluded a share transfer agreement under which BJ Ball AU will become a subsidiary of JP.
During the interval from April 12, 2017 until the acquisition by JP of BJ Ball AU shares, BJ Ball AU will acquire as wholly
owned subsidiaries PagePack (NZ) Limited, engaged in the same BJ Ball brand business in New Zealand, and K.W. Doggett & Co. Pty Ltd, which imports and sells paper and paper products in Australia.
After completion of BJ Ball AU acquisition, the BJ Ball Group and Doggett Group companies will become JP subsidiaries. As the result of the transaction JP expects to for a leading group importing and selling paper and paper products in the broader Oceania region.
About Japan Pulp and Paper Company:
The company is focused on import and export, sale, distribution and manufacturing of paper, paperboard, pulp, paper-related products, plastics, paper-related machinery and bio-mass energy resources.