In combination with Amcor’s current business in Africa, the closing of this deal makes Amcor the leading flexibles player in the African market with a total net sales in the region of approximately €250 million (US$ 280 million).
The acquisition includes four manufacturing sites and one sales office located across South Africa and generates a net sales of approximately ZAR 1.1 billion (USD 94) million per annum. They will join the Amcor Flexibles team as a new business unit, Amcor Flexibles South Africa (AFSA).
– Africa is an exciting market for Amcor Flexibles, said Peter Konieczny, President of AFEMEA. – Combining Amcor’s global footprint, world-class innovation and R&D capabilities with Nampak Flexible’s strong reputation for service and quality in the African market, we will create a flexible packaging business that will support Amcor’s profitable growth agenda in Sub-Saharan Africa.
AFSA will provide customers with broader product and technology offerings, increased innovation and development capacity, and a more versatile manufacturing footprint in Africa. Going forward, customers will benefit from improved choice, quality, service and security of supply.
Amcor has a successful track record in integrating new businesses, and we are now focussed on ensuring a seamless integration that will create an exceptional business in Africa, focused on creating value for shareholders and customers.
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