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(canplastics) -- In a bid to expand its footprint in
India, Australia-based PET packaging supplier Amcor Ltd. has acquired Uniglobe
Packaging Private Ltd. for USD20.7 million.
Uniglobe is based 150 km north of Mumbai, and produces flexible packaging for
the food, personal care, and health sectors.
Amcor is a global packaging company that manufactures PET containers for
beverages, flexible packaging for the food and healthcare markets, tobacco
packaging, and corrugated boxes. The company has operations across 30 countries
and 89 plants; with this deal, it will increase its facilities in India from
three to five plants.
“This is an important opportunity to expand Amcor’s footprint in the high
growth Indian market,” said managing director and CEO Ken MacKenzie. “The
Uniglobe business comes with a strong management team, and a track record of
delivering significant annual sales growth.”
The purchase is Amcor’s second this month: the company also acquired The
Aperio Group, producers of flexible packaging products with 13 manufacturing
facilities across Australia and New Zealand. |
