Amcor acquires Uniglobe $19.8 million

Amcor acquires Uniglobe for $19.8 million

5:55 AM, 20th April 2012
Amcor acquires Uniglobe for $19.8 million
Ken MacKenzie, Managing Director and CEO, Amcor.

HAWTHORN, MELBOURNE: Amcor announced acquisition of Uniglobe for $19.8 million. The acquisition expands Amcor’s existing footprint in India, a strategic high growth market for the flexibles packaging business. Current management will remain with the business. The expanded management team will play a key role in supporting future growth in the Indian market.

Amcor’s new combined Indian business will consist of five manufacturing sites offering its customers innovative packaging solutions. “This is an important opportunity to expand Amcor’s footprint in the high growth Indian market. The Uniglobe business comes with a strong management team, and a track record of delivering significant annual sales growth,” said Ken MacKenzie, Managing Director and CEO, Amcor.

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