Hexagon Holdings to acquire Hally Group

PRESS RELEASE

For release no earlier than 1pm NZ time, 30/11/15

Hexagon Holdings to acquire Hally Group

TransTasman label converter Hally Group, with operating subsidiaries Hally Labels (Brisbane, Christchurch, Auckland), AC Labels (Sydney) and MarkIt Labels (Christchurch), is being acquired by Hexagon Holdings. The acquisition is for 100% of the shares of Hally Group.

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.

Hexagon Holdings currently owns three New Zealand label converting businesses – Rapid Labels, Panprint & Kiwi Labels. Key markets include wine, thermal, FMCG, laser & 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 & Pam Hally.

“It has been a wonderful 50year 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 & 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 &Tom Sturgess, is headquartered in Auckland. Post completion, Hexagon will have combined annual sales of NZ$120m.

Hally Group was advised by Greenstone Partners.

The transaction is due to be concluded mid December.

Websites hallygroup.com

hexagonholdings.co.nz

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