Corex to acquire Megara
Privately owned company Corex Plastics has entered into a sale agreement to acquire Megara Australia.
Megara was founded more than 50 years ago and is a leading manufacturer of graphics-grade solid polypropylene sheet and innovative Point-of-Sale display, consumer packaging, presentation, and stationery products.
Corex Managing Director, Simon Whiteley said, merging Corex and Megara extends Corex's offering in the plastic sheet manufacturing and recycling industry in Australia.
Megara’s world class Promeg graphic polypropylene sheet products are an excellent addition to our industrial plastic solid sheet and Corflute product lines," said Mr Whiteley.
"Together, we’ll be able to deliver a unique set of capabilities to the market and service a more diverse range of customers and industries. We’ll be providing a one-stop-shop covering sheet manufacturing and custom product design – a local manufacturing powerhouse.”
Megara CEO, Mark Weiss said he couldn’t be happier to see Megara join forces with another great Australian manufacturer.
"This newly combined entity will be capable of delivering additional benefits and value to our existing customers. These include an expanded product offering, greater production and recycling capacity and increased creative options,” Mr Weiss said.
Corex extrudes both fluted polypropylene sheet as well as solid plastic sheet in a broad range of engineering resins. Corex also offers a range of specialist fabrication services and provides closed-loop solutions via its well-established Plastics Recycling Division. Both businesses share a common DNA - a commitment to Australian manufacturing and a focus on delivering environmentally friendly bespoke solutions to customers.
Megara and Corex are both privately run and owned Australian businesses. The integration of Megara into Corex will commence in early February, 2022.
