Amcor buys Indian flexible packaging business

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Amcor buys Indian flexible packaging business

Thursday, March 22, 2012
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+ N0 H9 C  [- w4 Z% @- sMelbourne, Australia - Amcor announced the A$19.8 million acquisition of Uniglobe, a flexible packaging business based in India. The acquisition expands Amcor’s existing footprint in India, a strategic high growth market for the flexibles packaging business. Uniglobe generates annual sales of approximately A$20 million, and was established in 1999 with a single plant located in Daman, 150 kilometres north of Mumbai. A second Daman based plant was commissioned in 2008, supported by strong sales growth of over 20 percent in the last three years. After closing, Amcor’s new combined Indian business will consist of five manufacturing sites offering its customers innovative packaging solutions.