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

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

NY packaging company aims for zero waste

September 16, 2014 1:36 pm ET

Plastic folding carton maker Diamond Packaging is no longer sending any manufacturing waste to landfills.    More

Image

Flexibility for complexity key for Brampton

September 16, 2014 11:26 am ET

Blown film machinery maker Brampton Engineering Inc. is well positioned to meet growing demand for complex film structures, highly customized...    More

Image

Here's a peek behind our 2014 film & sheet ranking

September 15, 2014 1:22 pm ET

Today Plastics News publishes its annual ranking of North American Film and Sheet Manufacturers. Let's look at some interesting numbers behind the...    More

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German...    More

Image

Germany's Lehmann & Voss buys U.S.-based Performance Compounding

September 12, 2014 11:36 am ET

German compounding firm Lehmann & Voss & Co. KG has acquired Performance Compounding LLC for an undisclosed price.    More

Market Reports

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

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events