The Hyne Group, through its growing Hyne Pallets division, announces the acquisition of long-term customer, Newcastle Pallets.
As Hyne continues to deliver on its acquisition strategy focussed on sovereign manufactured and vertically integrated businesses, this is the fifth pallet manufacturing acquisition in less than two years.
Like the previous four businesses, Newcastle Pallets is located in one of Australia’s leading population centres and manufacturing powerhouses of the country. Specifically, Newcastle represents the strong growth region of the NSW Hunter Valley and greater Newcastle area.
This is the second investment the Hyne Group has in Newcastle, with an existing, large distribution centre to service the broad customer base of Hyne Timber with key framing and laminated beam construction timbers.
The acquisition of Newcastle Pallets will finalise on September 1, 2025, subject to all Completion Precedents being met.
