Russell Kennedy advises on acquisition of Australia’s biggest wooden pallets manufacturer

The strategic pickup of assets and land helps the purchaser to grow its forestry holdings

Russell Kennedy advises on acquisition of Australia’s biggest wooden pallets manufacturer

Russell Kennedy has advised Pentarch Group on a strategic acquisition involving Australia’s biggest wooden pallets manufacturer.

Pentarch picks up the assets and land of Dormit Pty Ltd. in a deal that Russell Kennedy said cements Pentarch’s strategic commitment to investing in its forestry arm. The acquisition also complements the forestry and agriculture business’ greenfields sawmilling operation, which is under development in NSW.

This announcement follows Pentarch’s declaration that it has agreed to purchase the hardwood and softwood business of Boral Limited.

“The strategic acquisition of both Dormit and Boral Timber, alongside our other developments, places the Pentarch Group in an enviable position for future growth and diversification,” Pentarch Forestry CEO Paul Heubner said.

Russell Kennedy’s team guided Pentarch on all legal aspects of the transaction. Corporate advisory and M&A principal Rory Maguire led the team, which consisted of principals Emma Dunlevie (property) and Libby Pallot (employment); special counsel Gina Tresidder (IP); senior associates Krystal Pellow (property) and Abbey Burns (employment); and associate Jaqueline Wilson (corporate advisory and M&A).

“We were very pleased to assist Pentarch with its strategic acquisition of Dormit and look forward to seeing the continued development of the Group’s end-to-end forestry services offering,” Maguire said.

Last year, Pentarch also acquired the assets of New Zealand wood testing lab Wood Industry Technical Services Ltd (now Pentarch Technical Services).

“We are looking to invest in and provide end-to-end forestry services and we are actively seeking new opportunities across both countries,” Heubner said.

Pentarch runs log export operations across Australia, and processes wood chips in Tasmania- and NSW-based facilities. Dormit operates from bases in Victoria.

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Victorian premier to gain pandemic declaration powers under proposed bill

High Court sides with WA in $30bn legal battle against mining magnate

NRF Sydney partner elected International Insolvency Institute president

Solicitor seeks High Court’s favour over work-related psychiatric injury

UK High Court partially sides with Hogan Lovells in breach of duty tussle

Kalus Kenny Intelex focuses on people first, partner says

Most Read Articles

Clayton Utz elects Australian Takeovers Panel member to board

Mandatory vaccination a rising trend among employers, Piper Alderman reveals

Crawford Legal Services director: Treat people less like dispensable fee earners

Media companies liable for defamatory comments left by users on their Facebook pages: High Court