Amcor has announced the acquisition of Plastic Moulders Limited, a rigid plastics business that manufactures containers and closures in the food market for $US30 million.
Plastic Moulders has established relationships with a number of large multinational customers and brings new technologies including precision injection moulding and in-mould labelling.
According to Amcor CEO and Managing Director, Ron Delia, the acquisition will generate considerable synergies in terms of procurement, manufacturing costs and overhead.
“The Amcor Rigid Plastics business has significant growth opportunities in market segments outside of the traditional non-alcoholic beverage markets. Our strategy to grow this business includes acquiring companies like Plastic Moulders that provide specialised manufacturing capabilities, which will enable Amcor to broaden our product offering for the benefit of current and future customers.”
“There are significant opportunities to build on this position with organic growth and further acquisitions.”