Amcor has acquired Yuba City, California-based Deluxe Packages, a move that will help form Amcor’s new Flexibles Americas business group. Amcor acquired the privately-owned flexible packaging company for $45 million.
Deluxe operates one well-invested manufacturing plant with attractive technologies, capabilities and highly skilled co-workers. The business generates revenues of approximately $42 million, providing high-performance flexible packaging products to customers in the fresh food and snack segments.
North America is an attractive region for flexible packaging and this acquisition represents an excellent opportunity to accelerate profitable growth,” says Ron Delia, Amcor CEO and managing director. “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."