The company includes forestry operations, manufacturing and sales of wood pulp and lumber products, employing approximately 360 staff.

This meant that cutting rights to a forest were needed, and a sawmill would be required to process the millable timber.

When 320 million cubic feet of timber from the government-owned Kaingaroa Forest was offered for sale in 1969, Carter Consolidated bid for the lot.

In 1991 Carter Holt Harvey sold their share in Panpac down to 10% to raise capital for cutting rights to Hawke's Bay forests.

In March 1993, Carter Holt Harvey sold the last of their investment and Pan Pac became wholly Japanese owned, with 87% held by Oji Paper Company and 13% by Nippon Paper Industries Company Ltd.[2] In 2007, Pan Pac became 100% Oji owned.

[5] On 14 February 2023, at around 4:30 - 5 am, the Pan Pac site was hit by Cyclone Gabrielle as water rushed from the Esk Valley and into Whirinaki.