IVE Group has announced that its packaging division has received ISO 22000 certification.
The certification requires businesses to meet stringent criteria including food safety, hygiene protocols, contamination prevention, and risk management.
Matt Aitken, managing director of IVE Group said, “Packaging is a key growth area for IVE, and achieving FSSC certification really demonstrates our commitment to providing first-class, safe and reliable packaging solutions for our clients. It’s a great acknowledgement of our teams’ expertise and in turn creates new opportunities with the brands that trust us with their packaging needs.”
Achieving the certification is a significant step for IVE Group as it continues to expand its capabilities in the packaging sector.
In 2023, IVE acquired Melbourne-based JacPak, a leading short to medium run length packaging player in the $800m folding cartons segment of the Australian packaging sector.
Headlining the recent ProPack Packaging Forum was a keynote presentation on the IVE Group’s expansion into the packaging industry and its acquisition of the JacPak business as it seeks to grow to $150 million in turnover within the next five years.
According to Fotiadis, the first thing that came out from the JacPak acquisition was that there was still additional capacity in the business for further sales. Another $15 million of capacity was available.
“The JacPak footprint alone could get IVE to $60 million. Then, there’s the additional $30 million that it’ll be able to leverage from IVE’s new Victorian and New South Wales investments,” he said.
IVE recently announced it has invested into renewing its printing and press assets. Fotiadis said what is due to happen is an investment in cutting and gluing equipment to complement the press investment so that it can have a full in-house solution and help deliver on the additional $30 million.
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