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Amcor grows moulding business with double deal

In the final week of October Amcor’s rigid plastics division announced two purchases that enhance its production capacity and technology holding in the plastic preform segment.

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.’

This article comes from Food Contact World, which provides exclusive news and analysis on developments in digital print trends, markets, and technologies.