On 28 October, it announced it was paying $55 million (€50 million) for the four preform plants of US-based Encron. The firm is estimated to have an annual sales revenue of around $110 million.
Amcor CEO Ron Delia says: ‘This acquisition provides an excellent opportunity to acquire a well capitalised business at an attractive price. Given the manufacturing overlap, the acquisition will deliver considerable operating synergies and generate strong returns for shareholders.’
The following day Amcor publicised a separate deal under which it is buying manufacturing assets and intellectual property of Eco-Groupe for an undisclosed fee. This includes access to the Viper injection moulding platform developed by Ohio-based Eco-Groupe that can simultaneously inject preforms of different sizes.
The president of Amcor Rigid Plastics Mike Schmitt explains: ‘Eco-Groupe’s technologies will strengthen our innovation focus and expand our offerings to customers. This acquisition will continue our growth strategy and commitment to the packaging industry.’
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