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Industry News, Mergers and Acquisitions, Printers News

Amcor Tobacco Packaging Acquires Souza Cruz’s Tobacco Packaging Operations

Souza Cruz is the market leader in the Brazilian cigarette market.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Amcor Tobacco Packaging announced that it has completed the acquisition of Souza Cruz’s internal tobacco packaging operations located in Cachoeirinha, Rio Grande do Sul, Brazil.
 
Souza Cruz is majority-owned by British American Tobacco plc and is the market leader in the Brazilian cigarette market.
 
The investment is supported by a long-term supply contract between Amcor and Souza Cruz. The business is expected to achieve annual sales of approximately BRL 200 million (US$ 56 million).
 
“This acquisition adds a third plant to our Latin American footprint, cementing our position as the only truly global packaging supplier for the tobacco industry,” said Jerzy Czubak, president, Amcor Tobacco Packaging.

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