Deal helps Amcor build small customer base

By Kate Tilley
Correspondent

Published: July 18, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging

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

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Image

Beer maker Carlsberg enlists suppliers for 'upcycling' project

July 22, 2014 11:14 am ET

Carlsberg Breweries A/S in Denmark has started an ambitious project with its suppliers to optimize its packaging for the purpose of “upcycling....    More

Image

Global market for plastic containers to top 46 million metric tons by 2021

July 22, 2014 10:56 am ET

German research company Ceresana has released a study saying that it expects the global market for plastic containers to rise to 46.2 million metric...    More

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of...    More

Image

Huhtamäki to evaluate its films business

July 21, 2014 9:52 am ET

Finland-based plastics packaging group, Huhtamäki Oyj, has announced that it is evaluating its options regarding its films business, due to its growin...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events