Multinational packaging business Amcor has expanded its presence in India, acquiring Packaging India Private Limited from Essel Propack for $US 26.4 million.
News Corp reports that prior to this, Amcor had four flexible packaging factories in India. The acquisition of PIPL, which has revenues of approximately $US 40 million, will bring this to seven.
PIPL mainly serves the food and personal care sectors in the fast-growing Indian market.
Amcor’s business worldwide is slightly more than two-thirds flexible packaging. It manufactures at over 180 sites in 43 countries and had revenues of $US 9.5 billion last year, according to its website.