Amcor has acquired Nampak Flexibles, the market leader in flexible packaging in South Africa, for $22 million.
Nampak Flexibles has extrusion, lamination and conversion capabilities spread across three plants, and generates sales of approximately $94 million USD (ZAR1.1 billion) per year. The business services multi-national and domestic customers in the beverage, food and home care end markets.
“This acquisition provides a platform for growth in the African region,” states Amcor CEO and managing director Ken MacKenzie. “Nampak Flexibles has an experienced management team and is the market leader in South Africa. It services many of Amcor’s existing global customers and creates the opportunity to leverage our product innovation and design capabilities into this market.”