Pact Group (Packaging provider)

Pact Group is the largest manufacturer of rigid plastic packaging products in Australasia. In FY20 revenue was flat at $1.8bn but underlying EBITDA was also steady at $234m. We see Pact growing earnings through a combination of increased acceptance of the ‘circular economy’ in industry, and also through acquisitions in the Asian region. In mid-2020 the company sold its contract packaging business to focus on its own packaging products.