Amcor to Acquire Largest Flexible Packaging Company in South America
Amcor has announced that an agreement is in place for it to acquire Alusa, the largest flexible packaging business in South America, for a purchase price of $435 million.
Alusa has four plants and a broad range of capabilities including film extrusion, flexographic and gravure printing and lamination. It is the largest flexible packaging
manufacturer and supplier in Chile and Peru, and a leading participant in Colombia and Argentina, with one plant in each of these four countries.
Alusa has strong, long standing relationships with large multinational and regional customers and generates sales of approximately $375 million from the supply of flexible packaging for food, personal care and pet food applications.
Amcor CEO and Managing Director, Ron Delia said: “With the creation of a new Flexibles Americas Business Group in July 2015, there was an expectation this business could accelerate growth in both North and South America,” says Ron Delia, Amcor CEO and managing director. “It is pleasing that over a relatively short period of time, our flexible packaging sales in the region will almost double to nearly $1 billion with the acquisition of Alusa, and the recently completed acquisition of Deluxe Packages in the USA.
“Alusa comes with a strong management team and provides a unique platform in an important growth region. A large number of Amcor’s multinational customers operate in South America, and this acquisition significantly improves our ability to support their needs and to grow with them in these markets.