Amcor acquisition awaits regulatory approval

By Kate Tilley
Correspondent

Published: November 21, 2013 12:10 pm ET
Updated: November 21, 2013 12:12 pm ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Film & Sheet, Extrusion
Companies & Associations Amcor Ltd.

MELBOURNE, AUSTRALIA — Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC), is yet to approve packaging giant Amcor Ltd.’s A$50 million acquisition of Detmold Flexibles, a unit of Adelaide-based Detmold Group.

The approval process may take several months, Detmold Group said in a statement.

Melbourne-based Amcor announced the purchase of the privately owned Australian flexibles packaging business on Nov. 18.

Amcor will merge the Melbourne-based business with its Amcor Flexibles Asia Pacific division.

Detmold Flexibles has annual sales of about A$55 million and operates two flexible packaging plants in the state of Victoria at Dandenong and Port Melbourne. Products are sold under the Detmold CGP (consumer goods packaging) brand.

In a statement, Amcor CEO and Managing Director Ken MacKenzie said the deal will give Amcor the option “to invest in both product and process innovation,” adding: “Given the manufacturing overlap in the businesses there is considerable opportunity for operational synergies.”

Detmold Flexibles was created in 2005 when Detmold Group purchased a 100-year-old family-owned company, Charles Gabb Flexible Packaging.

Its key products are flexographic and gravure printed film and paper; solvent, solvent-less and water-based laminations; waxed paper; and stand-up pouches with or without zippers.

Products are manufactured from clear and metalized polypropylene; high and low density polyethylene; PVC; and acrylic-coated barrier films.

Detmold Group Executive Chairman Rodney Detmold said after the sale, his company will focus on its core paper and board products.


Comments

Amcor acquisition awaits regulatory approval

By Kate Tilley
Correspondent

Published: November 21, 2013 12:10 pm ET
Updated: November 21, 2013 12:12 pm ET

Post Your Comments


Back to story


More stories

Image

Brown signs California's plastic bag ban into law

September 30, 2014 1:38 pm ET

Gov. Jerry Brown (D) made it official today: plastic bags are banned across the entire state of California.    More

Image

Teens put a cap on watery ketchup

September 30, 2014 1:57 pm ET

Whether you spell it ketchup or catsup, use it on burgers or fries, or prefer Heinz or Hunt's, there is one universal problem for the ages: That...    More

Image

RJG buys UK training group G&A

September 30, 2014 11:10 am ET

G&A Moulding Technology Ltd., a United Kingdom-based training and consultancy group, has been bought by RJG Inc., the U.S.-based training business.    More

Image

Amcor planning more growth in Asia

September 30, 2014 10:24 am ET

Flexible packaging firm Amcor Ltd. is rapidly expanding its presence in the Asian market. The company's top official in the region said it will soon...    More

Image

Uflex to build large flexible packaging plant in western India

September 30, 2014 10:01 am ET

Flexible packaging company Uflex Ltd. is planning a major new plant in the western Indian state of Gujarat.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

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

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

Upcoming Plastics News Events

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

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

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events