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Amcor buys Indian flexible packager Uniglobe

March 28/2012

(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 Amcors 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 Amcors second this month: the company also acquired The Aperio Group, producers of flexible packaging products with 13 manufacturing facilities across Australia and New Zealand.
Author:Anna Larionova
Category:General News
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