Pro-Pac Packaging (ASX:PPG) launched a strategic review to improve profitability and reassess funding and capital allocation, according to a Tuesday filing with the Australian bourse.
The company has appointed Flagstaff Partners to advise on the process, which may include asset sales, the filing said.
Pro-Pac said the review is in early stages and no decisions have yet been made, the filing added.
Shares of the company jumped 17% in recent Tuesday trade.
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