Amcor buys Deluxe Packages
California-based flexible packager to become part of Amcor's new Flexibles Americas group.
Australia-based packaging solution provider Amcor Ltd. has purchased Deluxe Packages, a Yuba City, Calif.-based privately-owned flexible packaging company, for US$45 million.
The acquired business will be part of Amcor’s newly-formed Flexibles Americas business group.
In a statement, Amcor said Deluxe Packages, which runs a manufacturing plant at Yuba City in northern California, had annual revenue of around US$42 million. It supplies flexible packaging to fresh food and snack producers.
“North America is an attractive region for flexible packaging and this acquisition represents an excellent opportunity to accelerate profitable growth,” said Amcor CEO and managing director Ron Delia. “With the addition of Deluxe Packages, Amcor’s customer value proposition in the specialty food packaging segment is strengthened with a combined east and west coast footprint.”
Amcor specialises in supplying a range of rigid and flexible packaging products to the food, beverage, healthcare, home and personal care and tobacco packaging industries.