Amcor Rigid Plastics buys Columbian specialty container maker
In a bid to boost its capabilities in the rigid plastic container sector, packaging supplier Amcor Rigid Plastics USA LLC has expanded its specialty container business in Latin America with the acquisition of Colombia’s Plasticos Team S.A.S. from Columbian food producer Team Foods Colombia S.A.
The terms of the deal have not been disclosed.
Plasticos Team is a dedicated producer and distributor of preforms, bottles, thin-wall containers, and closures. The deal includes the firm’s one stand-alone facility located in Guachene, Colombia.
“The Latin America market continues to be an important growth area for us,” said Mike Schmitt, Amcor Rigid Plastics USA president. “The acquisition of Plasticos Team is important since it validates the roles of both a packaging converter and a consumer goods company working together to supply innovative products to consumers in the region.”
Team Foods Colombia S.A. has signed a long-term agreement with Amcor for the supply of rigid plastic containers.
Amcor Rigid Plastics USA is headquartered in Ann Arbor, Mich., and manufactures and delivers packaging solutions for beverages, food, pharmaceuticals, spirits, wine and beer, and personal and home care markets in the U.S. and Canada. The firm is a subsidiary of Australia-based packaging giant Amcor Limited.