The Hyne Group announces that pallet manufacturing will soon be a part of the broader Group operations, following the acquisition of Rodpak. The full acquisition of Rodpak will finalise on 1 May 2024 subject to all Completion Precedents being met.
This announcement comes just over two years since the Hyne Group partnership with UK based company, James Jones and Sons Ltd, and the combined Group’s focus on achieving growth and expansion.
Image: Hyne Group
The Hyne Group has been a long-term supplier of timber to the pallet industry, and this remains a core focus for the sawmilling operations.
Hyne Group CEO, Jim Bindon stated the Hyne strategy is not to add new capacity to the pallet market, but rather work with customers and industry participants who are ready to exit the industry or explore strategic partnerships as part of their own succession process.
Rodpak is a Melbourne based pallet and packaging manufacturer.
Hyne Timber was established in 1882 and today operates a range of large-scale softwood sawmills and engineered wood products manufacturing assets, including Australia’s first Cross Laminated Timber (CLT) processing facility.
