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Sale of Hellaby’s Packaging division

I am pleased to advise the sale by Hellaby Holdings of all companies in the Hellaby Packaging division (being Elldex Packaging’s New Zealand and Australian businesses) to Coveris, which is one of the world’s largest flexible and rigid packaging groups.
 
COVERIS is the sixth largest global plastic packaging company in the world. Formed by the combination of Exopack, Britton Group, Kobusch, PACCOR, Paragon Print & Packaging, and Kube Tech, the company is an established leader in the development, manufacture, and sourcing of flexible and rigid plastic and paper packaging, as well as coatings solutions for various consumer and industrial end-use markets. With aggregate revenues of US$3B, the company manages 65 plants across North America, Europe, the Middle East, and China.
 
With Elldex’s revenues now growing across both businesses, and with our new state-of-the-art factory in Christchurch nearing completion, this is a most exciting development for Elldex. We are combining the best of Australasian flexible packaging supply with one of the biggest and fastest growing international flexible packaging companies, bringing new technologies, process improvement, global customers and scale in our supply arrangements.
 
Elldex has been progressively developed under Hellaby ownership, culminating in construction of the new food-grade manufacturing facility. Now we are part of a global packaging company bringing new opportunities and challenges.
 
The effective date for transfer of ownership is 29 May 2015. I wish to reassure all employees, suppliers, customers and all other stakeholders that it is business as usual. Obviously we will be going through a transition phase, and I seek your forbearance as we unhitch ourselves from Hellaby and integrate with Coveris. We aim to make this transition as smooth as possible.
 
Should you be interested to find out more about Coveris, please feel free to visit Coveris website: www.coveris.com
 
Please contact me if you have any questions regarding this ownership change.
  
Murray Hine
Divisional General Manager
Ph: +64 9 414 3430
Email: murray.hine@elldex.com



Elldex New Site Development Update

10th April 2015
Elldex new manufacturing plant in Dakota Park, Christchurch is scheduled to be completed at the end of May and good progress to date.
April Update



Christmas and New Year Period

27th November 2014
Elldex operates as usual during the Christmas and New Year period. Please contact our customer service team should you have any queries or requires any assistance.


Elldex new site construction commenced

25th September 2014

Elldex Construction Commenced


 


Elldex to unwrap new state of the art factory

15th September 2014


Elldex Packaging is set to upgrade and replace its existing manufacturing facilities with a new 5,000 square metre state-of-the-art factory in Christchurch’s Dakota Park.

Divisional General Manager Murray Hine says the factory will be the first purpose-built flexible packaging facility constructed in New Zealand for many years. The decision to build the factory was driven by business growth, combined with the rigorous compliance demands of producing high-quality, food-grade flexible packaging.

“The set-up will enable Elldex to control quality and service at every stage of the manufacturing process,” says Mr Hine.  “The suite of technologically advanced machinery will allow us to deliver the highest quality at competitive prices – and keep jobs local.  We have around 100 skilled and dedicated staff at Elldex and it is important to remain based in Christchurch to retain that expertise.”
Mr Hine said an added benefit of Elldex’s cutting-edge equipment was the flexibility that could be offered to customers through customised specifications, smaller runs, shorter lead-times and quicker market response.  “We’ll have the means for massive runs but we’ll also be able to deliver small, made-to-order jobs at competitive rates.”

Elldex’s innovative new equipment will be supplied by leading international manufacturers and includes a Windmoller & Holscher 3-layer co-extruder and 8-colour central impression printing press, a solventless laminator from Nordmeccanica, and from Cason, a high-speed, automatic slitter.  Mr Hine says more progressive equipment will follow.

The factory is expected to be completed in the first half of the 2015 calendar year.

 “With the support of our parent company, Hellaby Holdings, and an excellent opportunity offered to us at Dakota Park by Christchurch International Airport (CIAL), we expect to have this project scoped, planned and built within a twelve-month period,” says Mr Hine.

Dakota Park is the business and commercial estate developed by CIAL, and is positioned at the central gateway to Christchurch and the Canterbury region. With direct access to Christchurch Airport and State Highway 1, the park is designed to offer seamless connections to markets across New Zealand and around the world, ideal for the fast growing Elldex flexible packaging business.


About Elldex
Elldex Packaging Limited is an amalgamation of three flexible packaging businesses – Elldex, PPL and Chequer – purchased in 2003-2007 by Australasian investor Hellaby Holdings. Elldex sources, manufactures and distributes flexible plastic packaging to the supermarket, retail, industrial, horticultural, dairy, meat, seafood and processed food sectors across New Zealand and Australia. Elldex has an extrusion, printing and conversion plant in Christchurch and a head office in Auckland.


ELLDEX NEW BUILDING SMALL

For further information, please contact:

Murray Hine, Divisional General Manager
Ph: +64 9 414 3430
Email: murray.hine@elldex.com



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