Pro-Pac Packaging Limited ( (AU:PPG) ) just unveiled an announcement.
Pro-Pac Packaging Limited has announced an update to its strategic review following underperformance in the first quarter of 2025. The company has engaged Leaders on Demand, appointing David Hewish as Chief Transformation Officer to assist in implementing the review aimed at improving profitability and addressing funding requirements. Additionally, board changes include the appointment of Gavin Black as a non-executive director, and major shareholder Bennamon Pty Limited is supporting Pro-Pac by providing necessary funds and restructuring share ownership to align with the company’s long-term vision.
More about Pro-Pac Packaging Limited
Pro-Pac Packaging Limited (ASX: PPG) is an innovative Flexibles and Industrial Specialty Packaging company with a diversified distribution and manufacturing network throughout Australia and New Zealand. Headquartered in Melbourne, Pro-Pac delivers bespoke packaging solutions for a broad group of blue-chip and SME clients in the industrial, food and beverage, health, agriculture, and manufacturing sectors.
YTD Price Performance: -25.93%
Average Trading Volume: 135,621
Technical Sentiment Signal: Buy
Current Market Cap: A$3.63M
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