ColorPak takes over Castle Graphics

In a neat piece of symmetry Gary Lingard started Castle Graphics about 10 years ago, after his departure as the former CEO of Wadepack (when it was still under the original family ownership).


Gary was replaced at WadePack by one Ashod Nassibian, who now has made his mark by selling out to CHH.


The fit between Colorpak and Castle Graphics is a logical one bringing together a strong cartons prionting powerhouse plus industry leading labels capability. Both companies are focused mainly on the pharmaceuticals and cosmetics sector.


The offer was reportedly 50/50 cash and equity, and it will be "business as usual" at Castle until end of this year at least. In 2005 the plan is for them to be integrated into the new, yet-to-be-built, customized facility, which ColorPak is soon to start constructing at Regents Park in Sydney.