Amcor makes US acquisition

Packaging giant Amcor is acquiring Ohio-based Encon to expand its rigid plastics business in the US.

Packaging giant Amcor will expand its rigid plastics business in the US after acquiring Ohio-based Encon for $US55 million ($A76.44 million).

Encon, which services Amcor as well as other customers in the beverage, food and household sectors, operates four manufacturing sites in the US and has revenue of around $US110 million.

The acquisition will deliver operational synergies, and reduce future capital requirements for its rigid plastics business, Amcor said.


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Source: AAP



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