Australian packaging company Amcor has acquired South African flexible packaging manufacturer Nampak Flexibles in a deal worth approximately R250m ($22m).
Nampak Flexibles has extrusion, lamination and conversion capabilities across three plants and generates $94m in annual sales.
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It offers its packaging solutions to various multi-national and domestic customers in the beverage, food and homecare end markets.
Amcor CEO and managing director Ken MacKenzie said: "This acquisition provides a platform for growth in the African region.
"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."
In December last year, Amcor agreed to acquire Chinese flexible packaging business Zhongshan Tian Cai Packaging for CNY211m ($34.04m).
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By GlobalDataLast October, Amcor’s subsidiary Amcor Flexibles Asia Pacific announced plans to build a multi-million-dollar flexible packaging plant in the Philippines that is expected to become operational in 2016.
Operating through Rigid Plastics and Flexibles segments, Amcor provides packaging solutions in Australia, Europe, Latin America, Switzerland and the US. It employs nearly 27,200 people at more than 180 sites across 43 countries.
The company’s Rigid Plastics segment manufactures rigid plastic containers from various materials for a range of beverage and food products, while, Flexibles segment manufactures flexible and film packaging.
