Trans-Tasman label converter Hally Group, which owns AC Labels in Sydney and Hally Labels in Brisbane is being bought by rival Hexagon Holdings. The acquisition is for 100 per cent of the shares of Hally Group, and will be completed in mid December. Grant Hally, chairman of the Hally Group, says it is the end of an era, with the business being established by Grant’s parents Ian and Pam Hally half a century ago. “It has been a wonderful 50-year chapter for our family. We’re pleased to see the businesses joining a group of established and successful industry participants”. Hexagon will become one of the most powerful forces in ANZ label production, owning six companies. There are no plans to merge any of the separate outfits. The deal comes just a week after another major Australian label player Pemara was bought by an Austrian company. The Hally Group, established in 1965, has built significant market positions in fresh food, beverage, manufacturing, shelf stable food, pharmaceuticals, nutraceuticals & horticulture. Hally businesses operate from five sites, employing 235 staff, including AC Labels n Sydney, Hally Labels in Brisbane, Christchurch and Auckland andMark-It Labels in Christchurch. Hexagon Holdings currently owns three New Zealand label converting businesses – Rapid Labels, Panprint, and Kiwi Labels. Key markets include wine, thermal, FMCG, laser and pharmacy. Hexagon currently operates from three sites, employing 145 staff. There are no plans to merge any Hally and Hexagon subsidiaries, the businesses will continue to trade independently and competitively. Grant Hally, Chairman of the Hally Group, said it was the end of an era, with the business being established by Grant’s parents Ian and Pam Hally.
Sold: Hally bought by Hexagon
“It has been a wonderful 50-year chapter for our family. We’re pleased to see the businesses joining a group of established and successful industry participants”. Clark Perkins, Director of Hexagon, said “Hally, AC and Mark-It are impressive and professional businesses, with a deep understanding of the label sector. Hexagon and Hally are highly complementary, and we are excited about the growth prospects of the expanded group”. Hexagon Holdings, owned by Mercury Capital and Tom Sturgess, is headquartered in Auckland. Post completion, Hexagon will have combined annual sales of NZ$120m.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.
Sign up to the Sprinter newsletter
