Pentarch Group Buys Dormit

Friday 6 Aug 2021

 
The Pentarch Group is pleased to announce it has purchased the assets of Dormit Pty Ltd. Dormit operates two sawmills and associated operations located at Dandenong South and Swifts Creek in Victoria, Australia. It processes hardwood logs primarily for pallet production with final processing occurring in Dandenong.

Dormit is Australia’s largest manufacturer of wooden pallets, up to 1.2 million units per annum, supplying the majority of CHEP Australia’s pallet requirements. Pentarch will continue the supply of wooden pellets to CHEP, cementing Dormit’s 30+ year relationship with the company.

This acquisition solidifies Pentarch’s strategic commitment to invest and expand its forestry holdings. It adds to the recently announced agreement to buy Boral Limited’s hardwood and softwood business in New South Wales and compliments the greenfields sawmilling operation Pentarch is developing in Eden, NSW. A briquette plant is also under development in Eden alongside Pentarch’s existing chipping and log export operations.

Paul Heubner, CEO Pentarch Forestry said “The strategic acquisition of both Dormit and Boral Timber alongside our other developments, places the Pentarch Group in an enviable position for future growth and diversification. Late last year we also purchased the assets of a wood testing laboratory, Wood Industry Technical Services Ltd (WITS - now Pentarch Technical Services) based in Kawerau, New Zealand”.

“We are looking to invest in and provide end-to-end forestry services and we are actively seeking new opportunities across both countries”. Pentarch’s purchase of Dormit took effect from 26 July 2021.

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