AMCOR
Purchase of US flexible packaging company Deluxe Packages
Australian packaging group Amcor (Hawthorn; www.amcor.com) has acquired flexible packaging business Deluxe Packages (Yuba City, California / USA; www.deluxepackages.com) for USD 45m (EUR 42m). Deluxe has a manufacturing plant in Yuba City and generates revenues of approximately USD 42m. The privately owned business provides high-performance flexible packaging products to customers in the fresh food and snack segments.
Amcor said the business will be part of its newly formed Flexibles Americas business – see Plasteurope.com of 08.07.2015. Ron Delia, Amcor’s CEO and managing director, said: “With the addition of Deluxe Packages, Amcor's customer value proposition in the specialty food packaging segment is strengthened with a combined east and west coast footprint. This acquisition will enhance growth in priority segments and generate strong returns.”
Amcor said the business will be part of its newly formed Flexibles Americas business – see Plasteurope.com of 08.07.2015. Ron Delia, Amcor’s CEO and managing director, said: “With the addition of Deluxe Packages, Amcor's customer value proposition in the specialty food packaging segment is strengthened with a combined east and west coast footprint. This acquisition will enhance growth in priority segments and generate strong returns.”
11.01.2016 Plasteurope.com [233035-0]
Published on 11.01.2016