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Pact buys Aust Pharmaceutical for $90m

AAP logoAAP 4/09/2016

Packaging manufacturer Pact Group has agreed to buy packaging services provider Australian Pharmaceutical Manufacturers for $90 million.

Victoria-based APM specialises in services for the nutraceuticals sector and has long-term relationships in the health and wellness sector, Pact said on Monday.

The acquisition will be funded through $75 million in bank debt and an equity raising of $15 million.

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