Hexagon Holdings, owned by Mercury Capital and former Blue Star boss Tom Sturgess, has begun the process of acquiring Trans-Tasman label converter Hally Group.
The acquisition, for 100 per cent of the shares of Hally Group, should conclude mid-December. Hally Group runs operating subsidiaries Hally Labels in Brisbane, Christchurch, and Auckland; AC Labels in Sydney; and Mark-It Labels in Christchurch.
Clark Perkins, director of Hexagon, says, “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”.
Clark Perkins, director at Hexagon
Established in 1965, Hally has built significant market positions in fresh food, beverage, manufacturing, shelf stable food, pharmaceuticals, nutraceuticals and horticulture. Hally businesses operate from five sites, employing 235 staff.
Grant Hally, chairman of the Hally Group, says the move marks the end of an era for the business his parents, Ian and Pam Hally, established.
Grant Hally says, “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 Holdings owns three New Zealand label converting businesses: Rapid Labels, Panprint & Kiwi Labels. Its key markets include wine, thermal, FMCG, laser, and pharmacy. Hexagon currently operates from three sites, employing 145 staff.
Hexagon has no current plans to merge any Hally and Hexagon subsidiaries. The businesses will continue to trade independently and competitively, according to Hexagon. Headquartered in Auckland, post completion, Hexagon will have combined annual sales of NZ$120m.
