Auckland-based Hexagon Holdings has acquired family-owned trans-Tasman label converter Hally Group in a deal expected to be completed mid-December.
‘It’s the end of an era,” said Grant Hally, chairman of the Hally Group, which was established in Auckland in 1965 by his parents Ian and Pam Hally. “It has been a wonderful 50-year chapter for our family and we’re pleased to see the businesses joining a group of established and successful industry participants.”
Hexagon, owned by Mercury Capital and Tom Sturgess, currently owns three New Zealand label converting businesses – Rapid Labels, Panprint & Kiwi Labels, with key markets including wine, thermal, FMCG, laser & pharmacy. The company currently employs 145 staff across three sites and will have combined annual sales of NZ$120 million when the deal is concluded.
Hally Group operates subsidiaries Hally Labels (Brisbane, Christchurch, Auckland), AC Labels (Sydney) and MarkIt Labels (Christchurch), and 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.
“Hexagon and Hally are highly complementary, and we are excited about the growth prospects of the expanded group,” said Clark Perkins, director of Hexagon. “Hally, AC & Mark-It are impressive and professional businesses with a deep understanding of the label sector.”
There are no plans to merge any Hally and Hexagon subsidiaries and the businesses will continue to trade independently.