PRO-PAC PACKAGING LIMITED — Regulatory Filings 2026

Jan 20, 2026

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MEDIA RELEASE

21 January 2026

Pro-Pac Packaging Limited ACN 112 971 874 and its related entities listed in Annexure A (Administrators Appointed to all)

(each a Company and collectively, Pro-Pac Packaging Group or PPG)

Sale of business

McGrathNicol Restructuring today announced the successful sale of PPG’s continuing Australian and New Zealand businesses to Knoxcorp, a privately owned Australian investment company led by Jim Knox.

The Administrators have entered into a Business Sale Agreement for the sale of PPG’s Australian business and assets, excluding the Perfection Packaging business, to Consolidated Packaging Australia Pty Ltd (ACN 693 947 643), a subsidiary of Knoxcorp. Sale completion is expected by early March 2026. The Perfection Packaging business in Dandenong, Victoria, is separately being wound down and will close in February 2026.

Separately, a Business Sale Agreement has also been executed for PPG’s New Zealand business and assets with Consolidated Packaging Limited, a New Zealand subsidiary of Knoxcorp. Sale completion is expected by 30 January 2026.

Both acquisitions are on a going concern basis and provide for the transfer of employment for all current employees, except for those within Perfection Packaging.

Knoxcorp is a privately owned Australian investment company founded by Jim Knox and headquartered in Brisbane. It holds and manages a diverse portfolio of enterprises and property developments. Mr Knox previously owned and operated Cospak, a successful packaging company serving both Australia and New Zealand prior to its sale to San Miguel Yamamura Packaging in 2009.

McGrathNicol Partner and Administrator Rob Smith said: “We are pleased to announce the sale of both PPG’s Australian and New Zealand continuing businesses which represents a positive outcome for PPG’s customers, suppliers and employees.”

Mr Knox said: ”We are delighted with the acquisition of PPG. We look forward to further developing the business and continuing to serve its loyal customers. Local manufacturing remains essential to its customers’ supply chains and we will make significant investments in machinery to deliver on our core value proposition.”

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The proceeds from the transactions will not be sufficient to provide a return to shareholders. Following completion of the transactions, the Administrators will prepare to convene the second meeting of creditors of PPG, details of which will be announced separately.

Further information

As the administration progresses, further information will be uploaded to the McGrathNicol website (www.mcgrathnicol.com).

Media enquiries

Stephen Mesa

Sefiani Communications Group M +61 424 383 249

E smesa@sefiani.com.au

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Annexure A – Pro-Pac Packaging Group entity listing

|Annexure A | Schedule of insolvent entities||
|---|---|
|Entity||
|Australian entities|ACN|
|Pro-Pac PackagingLimited|112 971 874|
|Pro-Pac GroupPtyLtd (formerlyIntegrated PackagingAustralia PtyLtd)|095 393 776|
|Perfection PackagingPtyLtd|108 256 042|
|Integrated PackagingWA PtyLtd|130 895 822|
|Integrated RecyclingPtyLtd|141 456 386|
|Pro-Pac Packaging(Aust) PtyLtd|059 499 660|
|Pro-Pac PackagingManufacturing(Syd) PtyLtd|068 689 412|
|Pro-Pac PackagingManufacturing(Melb) PtyLtd|068 689 458|
|Pro-Pac PackagingManufacturing(Bris) PtyLtd|073 304 524|
|Pro-Pac Finance PtyLtd|622 519 073|
|Integrated PackagingGroupPtyLtd|132 697 664|
|Goodstone International PtyLtd|070 661 460|
|Pro-Pac Industrial GroupPtyLimited|104 805 361|
|Integrated MachineryPtyLtd|070 099 811|
|Creative PackagingPtyLtd|114 020 405|
|Pro-Pac (GLP) PtyLtd|104 645 981|
|ACN 003 940 921 PtyLimited|003 940 921|
|Great Lakes MouldingPtyLtd|090 886 105|
|ACN 002 431 898 PtyLimited|002 431 898|
|Finpact PtyLtd|003 977 982|
|ACN 002 029 852 PtyLimited|002 029 852|
|ACN 108 620 506 PtyLimited|108 620 506|
|ACN 087 226 631 PtyLimited|087 226 631|
|New Zealand entities|NZBN|
|Integrated PackagingLtd|372943|
|Pro-Pac Finance (NZ) Limited|6515713|