Amcor acquires BPI China
By Canadian Packaging staff
General Flexibles acquisition of flexible packaging company Amcor Ltd. BPI China British Polythene Industries flexographic printingUS$13-million deal nets Amcor the Chinese subsidiary of U.K.-based British Polythene Industries PLC.
Amcor Ltd. acquires BPI China, the Chinese subsidiary of U.K.-based British Polythene Industries, in a US$130million deal.
BPI China’s single plant is located in Xinhui, south China, but has, according to Amcor, state-of-the-art blown film and flexographic printing lines. The business produces flexible packaging products for export and domestic customers.
Amcor currently has a total of 10 flexible packaging plants in China, including four plants in southern China.
This acquisition will strengthen Amcor’s leadership position in southern China and complement the existing business by providing additional scale and talent.
It will also broaden Amcor’s capabilities in China to include flexographic printing and reduce future capital expenditure requirements.
Amcor managing director and chief executive officer Ron Delia says, “China continues to be an attractive market for flexible packaging globally and this is an excellent opportunity to support our continued expansion in the important southern region.”
For more information on Amcor, visit www.amcor.com.
Image from http://www.thinkstockphotos.ca/
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