Amcor continues to dole out dollars with latest acquisitionAmcor continues to dole out dollars with latest acquisition
Packaging behemoth Amcor (Melbourne, Australia) is at it again with its latest $13 million acquisition of BPI China, the Chinese subsidiary of UK-based British Polythene Industries PLC.
January 28, 2016
Packaging behemoth Amcor (Melbourne, Australia) is at it again with its latest $13 million acquisition of BPI China, the Chinese subsidiary of UK-based British Polythene Industries PLC. Earlier this month, PlasticsToday reported on the company’s acquisition of Deluxe Packages (Yuba City, CA), a privately owned flexible packaging business for $45 million.
BPI China is located in Xinhui, South China, with state-of-the-art blown film and flexographic printing lines. The business produces flexible packaging products for export and domestic customers.
Amcor currently has 10 flexible packaging facilities in China, including four plants in Southern China. The acquisition is a strategic move so Amcor can strengthen its leadership ties in Southern China and enhance the existing business by providing additional scale and talent. It will also broaden Amcor's capabilities in China to include flexographic printing and reduce future capital expenditure requirements.
Amcor's Managing Director and CEO, Ron Delia said, "China continues to be an attractive market for flexible packaging globally and this is an excellent opportunity to support our continued expansion in the important Southern region."
Amcor is a global provider of global packaging solutions supplying a broad range of rigid & flexible packaging products into the food, beverage, healthcare, home and personal care and tobacco packaging industries. The company, which has an annual sales of $10 billion, employs more than 29,000 in over 120 sites in 43 countries.
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