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Industry News, Mergers and Acquisitions, Printers News

Amcor Acquires Indian Flexible Packaging Company

Acquires Packaging India Private Limited for $26.4 million.

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By: DAVID SAVASTANO

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

Amcor announced the INR 1,650 million (US$26.4 million) acquisition of Packaging India Private Limited (PIPL) from Essel Propack, a publicly listed specialty packaging company.
 
PIPL has three plants located in the north and south of India and produces flexible packaging products predominately for the food and personal care markets. The business services leading multinational and local customers and generates annual sales of approximately INR 2,500 million (US$40 million).
 
Amcor currently has four flexible packaging plants across the north and west of India. The acquisition of PIPL expands Amcor’s footprint into southern India.
 
“India is a very attractive market for flexible packaging, driven by strong economic growth, favorable demographics and rapidly changing retail formats,” said Ron Delia, Amcor’s managing director and CEO.
 

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