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The move comes only a month after Australia-based Pact sold 50 percent of its reusable plastic crate pooling business to global infrastructure investment manager Morrison & Co. Ltd.
Raphael Geminder, chairman of Pact Group, has got some relief from the packaging company’s slump as its shares spike following an asset sale.
Morrison & Co has agreed to acquire a 50% interest in Pact Group's Crate Pooling business, a provider of reusable plastic crate pooling services.
Morrison & Co has adopted a partnership model in what the 33-year-old firm says is an important milestone in becoming a truly global infrastructure investor.