MELBOURNE, Australia, Nov. 18, 2013 (Press Release) - Amcor announces today that it has signed an agreement to acquire Detmold Flexibles, a privately-owned Australian flexibles packaging business for $50 million. The business will be part of Amcor Flexibles Asia Pacific.
Detmold Flexibles operates two plants in Melbourne and has sales of approximately $55 million. The acquisition price represents an EBITDA multiple of 6.6 times and after the realisation of synergy benefits return on funds employed are expected to be more than 20%.Read more
Performance highlights for 2013 include:Read more
Amcor, the world's biggest packaging company, today launches simpler navigation and new content at www.amcor.com to make it a whole lot easier for customers to find what they need.
Amcor undertook extensive user testing with customers and other stakeholders to introduce improvements such as:Read more
SAN FRANCISCO, Aug. 9, 2013 (PPI Pulp & Paper Week) -Amcor has announced its intention to separate its Australasian and North American packaging business from its now more dominant international flexible and rigid plastics business.
After the demerger, the Australasia and Packaging Distribution (AAPD) business will be an independent company traded on the Australian stock exchange, and will include its former operations in containerboard, corrugated boxes, glass, and beverage can packaging operations. The spinoff is expected to be completed later this year.Read more
"This is the most sophisticated recycled paper making machine in Australasia. It produces high-quality 100 per cent recycled brown paper that is stronger, more consistent and has an improved colour for our customers," he said.Read more