Amcor Flexibles Europe, Middle East and Africa (AFEMEA) announced it has finalized the acquisition of Nampak (Sandton, South Africa), the leading flexible packaging company in Africa. To coincide with Amcor’s current business in Africa, the closing of this deal makes Amcor the top flexible giant in the African market with a total net sales in the region of approximately $280 million.
The acquisition is comprised of four manufacturing sites and one sales office located across South Africa and generates a net sales of approximately ZAR 1.1 billion (USD 94) million per annum. Nampak will join the Amcor Flexibles team as a new business unit, Amcor Flexibles South Africa (AFSA).
“Africa is an exciting market for Amcor Flexibles,” said Peter Konieczny, President of AFEMEA. “Combining Amcor’s global footprint, world-class innovation and R&D capabilities with Nampak Flexibles’ strong reputation for service and quality in the African market, we will create a flexible packaging business that will support Amcor’s profitable growth agenda in Sub-Saharan Africa.”
AFSA will provide customers with more comprehensive product and technology offerings, increased innovation and development capacity, and a more versatile manufacturing footprint in Africa. With that said, customers will benefit from improved choice, quality, service and security of supply.
Amcor has long been successful in integrating new businesses, and we are now focussed on ensuring a seamless integration that will create an exceptional business in Africa, focused on creating value for shareholders and customers.