Amcor (Melbourne, Australia) has expanded its flexible packaging reach in the Northern China region following the acquisition of Hebei Qite Packing Co. Ltd. (Qite) for $28 million. The recent deal is just the latest in a long string of purchases by the packaging giant.
Qite manufactures flexible packaging products for large domestic customers within the dairy and food segments from its one plant in Hebei.
Amcor currently operates 11 flexible packaging plants in the Asian country, including two plants in close proximity to Qite’s facility.
Managing director Ron Delia said: “Amcor continues to have substantial opportunities to grow our flexible packaging business in the Asian region. Globally and especially within Asia, China is a very attractive growth market for flexible packaging. This acquisition will enhance our already attractive platform for growth with new and existing customers in the important Northern region.”
The acquisition remains subject to regulatory approvals.