Amcor announces the ZAR 250 million (USD 22 million) acquisition of Nampak Flexibles, the market leader in flexible packaging in South Africa.
Nampak Flexibles has extrusion, lamination and conversion capabilities across three plants, and generates sales of approximately ZAR1.1 billion (USD 94 million) per annum. The business services leading multi-national and domestic customers in the beverage, food and home care 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 the picture: Amcor CEO and Managing Director, Ken MacKenzie.