Australian Flexographic, a flexible packaging supplier, will be relocated from Sydney and merged with Adelaide firm Poly Products, which manufactures specialised flexible packaging products.

Pro-Pac said the deals would be funded from existing cash and bank facilities and that the two acquisitions would deliver a combined turnover of about $16 million.

Chief executive Brandon Penn said: "The purchase of these businesses provides Pro-Pac with more food-focused product coverage in line with our strategy of further expanding into the Australian food packaging market."

Pro-Pac is no stranger to acquisitions: it added $49 million to its bottom line after buying 10 businesses between October 2011 and November 2012.

Meanwhile, Pro-Pac has forecast that it will generate a net profit of about $5 million on revenue of $170 million for the 2012-13 financial year.

[LinkedIn: Have you ever been approached to sell your business?]

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