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The latest update is out from Pro-Pac Packaging Limited ( (AU:PPG) ).
Administrators McGrathNicol have agreed to sell Pro-Pac Packaging’s ongoing Australian and New Zealand businesses to Knoxcorp, a privately owned Australian investment company led by Jim Knox, via business sale agreements to Knoxcorp subsidiaries Consolidated Packaging Australia and Consolidated Packaging Limited. The transactions, which exclude the Perfection Packaging unit that will close in February 2026, will proceed on a going-concern basis and transfer employment for all current staff outside that division, but are not expected to generate any return for shareholders, with the administrators now preparing for a second creditors’ meeting as Knoxcorp plans significant investment in machinery and local manufacturing to develop the business.
The most recent analyst rating on (AU:PPG) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Pro-Pac Packaging Limited stock, see the AU:PPG Stock Forecast page.
More about Pro-Pac Packaging Limited
Pro-Pac Packaging Limited is a packaging manufacturer and supplier with operations in Australia and New Zealand, providing packaging products and related services to a broad customer base, with local manufacturing forming a key part of its customers’ supply chains. The group includes various business units, among them the Perfection Packaging business in Dandenong, Victoria, which is being wound down and closed.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.27M
Find detailed analytics on PPG stock on TipRanks’ Stock Analysis page.