Brambles buys Transpac

Group acquires German-based bulk container services company for €42m.

Brambles (BXB) has acquired Transpac International, a German-based provider of pooled intermediate bulk container services for €42 million ($A61.5m).

The group will make an initial payment of €23m, with the remaining €19m to be paid in two tranches in 2015 and 2016.

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