Deal helps Amcor build small customer base

By Kate Tilley
Correspondent

Published: July 18, 2012 6:00 am ET

Related to this story

Topics Packaging Mergers & Acquisitions
Companies & Associations

MELBOURNE, AUSTRALIA (July 18, 1:25 p.m. ET) — Melbourne-based global packaging supplier Amcor Ltd. has bought an industrial tape and packaging distributor to build its Australian small and medium-sized (SME) customer base.

Amcor manufactures PET containers for beverages; flexible packaging for the food and healthcare markets; tobacco packaging; and corrugated boxes. The company bought Melbourne-based KMJ Pty. Ltd., trading as Wayne Richardson Sales, on June 28 for an undisclosed amount. 

Wayne Richardson Sales has been an independently-owned Australian company since 1974. It distributes industrial packaging and packaging consumables, including adhesives, abrasives, tape dispensing equipment, stretch film machinery and safety products to SME customers.

Its plastic products include stretch and shrink polyethylene films, polyethylene shrink bags and bin liners, PVC doubled-sided tapes, and polythene tubing, pallet capping and bundle wrap.

Wayne Richardson Sales and its wholly-owned subsidiary, Gaska Tape Australia, are the preferred industrial and commercial adhesive tape suppliers to most of Australia's automotive manufacturers and airlines.

The company's annual sales are about US$51 million and it serves more than 2,700 customers from its eight Australian distribution centers in Melbourne, Shepparton, Albury, Adelaide, Sydney, Newcastle, Brisbane and Perth.

Amcor managing director and CEO Ken MacKenzie said the deal improves the value of Amcor’s existing packaging business and strengthens its market position. "The purchase brings a new and more effective channel to SME packaging customers. The combined business will provide new products as well as additional services and enhanced technical support for customers." The acquisition is expected to deliver returns of more than 20 percent by year three.


Comments

Deal helps Amcor build small customer base

By Kate Tilley
Correspondent

Published: July 18, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Colormasters' film investments add capacity and capability

April 17, 2015 11:35 am ET

Colormasters LLC continues to invest in new film and converting capacity to keep up with demand for its flexible packaging products.    More

Image

Thailand's Royal Group adding thermoforming plant in Indiana

April 17, 2015 11:17 am ET

Royal Interpack North America Inc. is spending $12 million to make recycle-content PET clamshell containers in Anderson, Ind.    More

Image

Inteplast buys Canadian film maker Haremar, bag maker El-En

April 13, 2015 4:29 pm ET

Inteplast Group has increased its business in Canada with the acquisition of a specialty polyethylene blown film coextruder.    More

Image

Reliance finds room to grow in North Carolina

April 9, 2015 3:04 pm ET

Reliance Packaging LLC expects to grow significantly during the next three years, both in production of heavy-duty plastic bags for the lawn and...    More

Image

Silgan to hire 120 for new plant

April 9, 2015 2:57 pm ET

New details are emerging about Silgan Plastics' plans for a new production facility in Hazelwood, Mo., near St. Louis.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events