Australian Joint Venture between FAUN and Superior Pak

Superior Pak, Australia's largest manufacturer and servicer of mobile waste equipment, has announced a joint venture with FAUN Group, part of the worldwide operating KIRCHHOFF Group, Europe's leading manufacturer of waste handling equipment and road sweepers.

The company head office is based in Brisbane, with its manufacturing centre based in Bundaberg, Queensland. Announcing the joint venture, a spokesperson for Superior Pak said the current executive management team would remain unchanged. FAUN will join Rob Wrigley (original Superior Pak shareholder) as joint shareholders of Superior Pak. FAUN will acquire the shareholdings of Rowley Errington (Retired Superior Pak Director) and Anne Barry (Non-executive Director). To coincide with the transaction Superior Pak will take over the Faun distribution rights previously held by Wastech. This will take effect immediately. Commenting on the new shareholding arrangements, which will take effect from the start of September, Rob Wrigley, Superior Pak managing director said the move will provide further depth to the company's business and product range. "New technologies for vehicle drive systems combined with the expertise of both partners in the production of class leading waste disposal and collection equipment will reinforce the strong future ahead for Australian manufacturing and the capabilities of our workforce," Mr Wrigley added.

Download the full press release: Australian Joint Venture between FAUN and Superior Pak