Amcor has reached an agreement to purchase Ball Plastics Packaging Americas from Ball Corporation for US$280 million.
According to Amcor, the acquisition will expand its Diversified Products business that targets the health care and pharmaceutical, personal care, food and distilled spirits end markets.
The acquisition brings exposure to new growth opportunities including wine bottles, retort packaging for food, and high density polyethylene (HDPE) and polypropylene (PP) containers for various market segments, the company said.
Additionally, Amcor Rigid Plastics will be positioned to offer a broader range of innovation and technology-based solutions to customers. The acquisition of Ball Plastics Packaging Americas brings with it expanded capabilities, including developments in multi-layer, retort, and barrier technologies, as well as the assets and know-how to manufacture HDPE and PP extrusion blow molded containers.
"This is a high growth market, and the capabilities of the Ball acquisition will help us expand our business in North America and to leverage new technologies and products in our growing Latin America business,” Ken MacKenzie, Amcor’s managing director and CEO, said.
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