JAKARTA – Australian tycoon Raphael Geminder is reportedly considering the sale of his stake in an Asian packaging enterprise. Sources privy to the discussions, cited by Bloomberg on Monday (October 20, 2025), indicate that Dynapack Asia and Pact Group Holdings Ltd. are engaging with financial advisors and have initiated contact with potential investors. These prospective buyers include private equity firms and other established packaging companies, with the potential deal estimated to be worth approximately US$1 billion, equivalent to over IDR 16 trillion.
Geminder, known as the brother-in-law of Anthony Pratt, Australia’s fourth-richest individual, currently holds a 50% ownership stake in Dynapack Asia. This potential divestment represents a significant move in the regional packaging sector.
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Dynapack Asia, an Indonesian-founded company established in 1959 by Soebekti Hambali, saw Geminder Holdings Pty acquire a 50% stake in 2011, with the remaining shares held by the Hambali family. Geminder serves as the Chairman of Dynapack Asia, while Tirtadjaja Hambali, widely recognized in Indonesia as the “Plastic Man” for his influence in the plastics industry, holds the position of President Director.
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The Hambali family is reportedly also evaluating the prospect of joining the proposed sale, according to the same sources. However, discussions remain ongoing, and there is no guarantee that a definitive agreement will be reached. Both Dynapack Asia and Pact Group declined to comment on Bloomberg’s inquiries regarding the potential transaction.
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The company is a major producer of various packaging solutions and components, including bottles, tubes, jars, and molded parts. These products cater to a diverse range of industries such as personal and baby care, food and beverages, household cleaners, and pharmaceuticals. Its impressive client roster features global giants like Coca-Cola Co., Johnson & Johnson, Procter & Gamble Co., Shell Plc, and Unilever Plc. Dynapack Asia operates with offices strategically located in Jakarta, Bangkok, and Singapore.
Geminder founded Pact Group in 2002. Just last July, the company delisted its shares from the Australian Securities Exchange. In its public filing, Pact stated its continued intention to review its Asian packaging business operations, explicitly mentioning divestment options. The latest financial reports revealed an 18.4% increase in the group’s net debt during the last fiscal year, reaching approximately A$496 million, equivalent to US$328 million.
Further elaborating on the Hambali family’s legacy, Soebekti Hambali is the father-in-law of James Riady, whose daughter Aileen is married to him. In 2011, two decades after its listing on the Indonesia Stock Exchange, Dynaplast was officially delisted. Subsequently, the Hambali family, alongside their partners, continued their business ventures under the Dynapack Asia banner, headquartered in Singapore, marking a new chapter for the prominent packaging entity.
Summary
Australian tycoon Raphael Geminder is reportedly considering the sale of his 50% stake in the Asian packaging enterprise, Dynapack Asia. The potential deal, estimated at approximately US$1 billion, involves Dynapack Asia and Pact Group Holdings Ltd. engaging financial advisors and contacting prospective buyers. The Hambali family, who hold the remaining shares, are also reportedly evaluating joining the proposed sale, though discussions remain ongoing without guarantee of a definitive agreement.
Dynapack Asia, founded in Indonesia in 1959, is a significant producer of packaging solutions like bottles, tubes, and jars for diverse industries including personal care, food, and pharmaceuticals. Its client roster includes global giants such as Coca-Cola, Johnson & Johnson, and Unilever. Geminder serves as Chairman of Dynapack Asia, while Pact Group, which he founded, delisted its shares in July and is reviewing its Asian packaging business operations.