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Amcor buys Indian packager for $35 million

Wednesday, 15 July 2015
By Print 21 Online Article

PIPL's Pondicherry plant,150 km south of Chennai.

Australian packaging giant Amcor has acquired a publicly listed specialty packaging company in India for $US26.4 million ($A35 million).  

Amcor bought Packaging India Private Limited (PIPL) from parent company Essel Propack to expand its footprint in Southern India. PIPL has three plants located in the north and south of India and produces flexible packaging products mostly for the food and personal care markets. The business services multinational and local customers and generates annual sales of approximately US$40 million.

Amcor currently has four flexible packaging plants across the north and west of India. The acquisition expands Amcor’s presence into southern India as well as adding to its existing blown film and cylinder making capabilities.

“India is a very attractive market for flexible packaging driven by strong economic growth, favourable demographics and rapidly changing retail formats,” said Ron Delia, Amcor’s MD and CEO. “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.

In March, Amcor became the leading flexibles packaging player in the African market with the acquisition of South African-based Nampak Flexible.

 

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