Sustainable packaging solutions manufacturer Amcor has acquired Moda Systems, a manufacturer of state-of-the-art, automated protein packaging machines. Amcor said on 2 June that the deal has gone through.
Based in New Zealand, privately-held Moda Systems designs, assembles, and supports innovative, high-performance modular vacuum packaging solutions for the meat, poultry, and dairy industries. Amcor says the acquisition will complement its existing strength in film, positioning the company to offer an end-to-end packaging solution that encompasses primary packaging, equipment, on-site technical service, and parts.
“This acquisition will enable Amcor to offer an exciting new option and choice in automated protein packaging, making us the only flexible packaging manufacturer to own a high-speed, rotary equipment solution for fresh meat,” said Amcor Flexibles North America (AFNA) president Fred Stephan.
“Combined with our best-in-class film portfolio, we see great strategic value in adding Moda’s automation technology, and technical expertise and services, for a range of customizable format solutions beyond a standard shrink bag. This transaction will enable Amcor to further enhance our winning value proposition for our global protein processing customers.”
The company says that Moda’s rotary vacuum system improves operational efficiencies for protein producers, enabling them to optimize labour, improve safety, and reduce waste. The system is designed for ease of use in connecting, operating, maintaining, and cleaning and improves throughput and quality.
Combined with Amcor’s portfolio of meat, poultry, seafood, and cheese shrink packaging options, this new solution is expected to further enhance the value Amcor delivers to protein producers, the company says.
"We’re delighted to join forces with Amcor, an industry leader that shares our commitment to innovation and customer service and support,” said Moda Systems founder and CEO Richard Newcombe. “Together, we will deliver innovative expertise at scale, with a mutual dedication to outperformance. Our complementary capabilities will accelerate Moda’s founding mission to offer the most advanced vacuum packaging solutions for our customers.”
Amcor says the acquisition is subject to customary closing conditions and is expected to be completed in the June 2023 quarter.
