Global packaging company Amcor Ltd. has announced the sale of three of its Australian flexible packaging plants.
The sites – in Cheltenham, Victoria; and Chester Hill and Kirrawe, New South Wales – were previously acquired as part of the Aperio Group acquisition of May 11, 2012, and focused on non-core industrial and agricultural markets.
The purchaser is Integrated Packaging Group, a privately-owned Australian business, said to be one of the world’s largest specialist manufacturers and distributors of stretch film wrap and associated products. According to Integrated Packaging, the plants will reinforce its growth strategy in industrial and agricultural packaging as well as expanding the company’s presence in printing, converting and PVC plastic food films throughout Australasia.
The sale consideration is approximately A$22 million (Cdn$23 million), and is subject to ACCC (Australian Competition and Consumer Commission) approval.
One of the largest packaging companies to manufacture cartonboard, beverage cans, closures, fibre packaging, flexible films, glass and, PET bottles, Melbourne, Australia-based Amcor has over 30,000 employees at more than 300 sits across 40 countries.
The Amcor/Aperio name and brand will remain the property of Amcor.