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Pentarch acquires Dormit assets and land
Russell Kennedy Lawyers has advised the Pentarch Group’s forestry division (Pentarch) on its acquisition of the assets and land held by Dormit Pty Ltd (Dormit).
Emma Musgrave
Firms: Russell Kennedy Lawyers (Pentarch); undiscosed (Dormit).
Value: Undisclosed.
Area: M&A.
Key players: The Russell Kennedy team was led by principal Rory Maguire, with assistance from principals Emma Dunlevie and Libby Pallot, senior associates Krystal Pellow and Abbey Burns, associate Jaqueline Wilson and special counsel Gina Tresidder.
Deal significance: Dormit is Australia’s largest manufacturer of wooden pallets. Meanwhile, Pentarch operates across Australia and has active log export operations in Tasmania, Western Australia and NSW and wood-chip processing facilities based in Tasmania and NSW.
“This acquisition solidifies Pentarch’s strategic commitment to invest and expand its forestry holdings. It adds to Pentarch’s recently announced agreement to buy Boral Limited’s hardwood and softwood business and compliments the greenfields sawmilling operation Pentarch is developing in Eden, NSW,” a statement from Russell Kennedy explained.
“Dormit operates two sawmills and associated operations located at Dandenong South and Swifts Creek in Victoria, processing hardwood logs primarily for pallet production. Dormit is Australia’s largest manufacturer of wooden pallets, supplying the majority of CHEP Australia’s pallet requirements and Pentarch will continue the supply of wooden pellets to CHEP, cementing Dormit’s 30+ year relationship with the company.”
Commenting further, Russell Kennedy principal and transaction lead Mr Maguire said: “We were very pleased to assist Pentarch with its strategic acquisition of Dormit and look forward to seeing the continued development of the Group’s end-to-end forestry services offering.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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