Amcor acquires Deluxe Packages
By Canadian Packaging staffGeneral Flexibles acquisition of flexible packaging company Amcor Amcor Flexibles Americas Amcor Ltd. Deluxe Packages
Acquired business to become part of Amcor's new Flexibles Americas group.
Amcor Ltd. has acquired the Yuba City, Ca.-based privately-owned flexible packaging company Deluxe Packages in a US$45 million deal.
The acquired business will be part of Amcor’s newly-formed Flexibles Americas business group.
Deluxe operates one well-invested manufacturing plant with attractive technologies, capabilities and highly skilled co-workers in Yuba City, generating revenues of approximately US$42 million by providing high-performance flexible packaging products to customers in the fresh food and snack segments.
Amcor chief executive officer and managing director Ron Delia says: “North America is an attractive region for flexible packaging and this acquisition represents an excellent opportunity to accelerate profitable growth.
“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. This acquisition will enhance growth in priority segments and generate strong returns,” he notes.
For more information on Amcor, visit www.amcor.com.