In the wake of its acquisition of Nampak Flexible in Southern Africa last week, Amcor today announced another purchase.
It has made a AU$35 million acquisition of Packaging India Private Limited (PIPL) from Essel Propack, a publicly listed specialty packaging company.
Amcor’s managing director and CEO Ron Delia said India was a “very attractive” market for flexible packaging.
“It is driven by strong economic growth, favourable demographics and rapidly changing retail formats,” he said.
“The PIPL acquisition provides an opportunity to further expand Amcor’s customer base and enhance our unique value proposition in this important, high-growth market.”
PIPL has three plants in the north and south of India and produces flexible packaging products for the food and personal care markets. The business services multinational and local customers and generates annual sales of approximately AU$54 million.
Amcor currently has four flexible packaging plants across India's north and west, and the PIPL acquisition will expand its footprint into Southern India. It will also increase and capitalise on local talent, and add to existing blown film and cylinder making capabilities.
