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

Krahn Chemie acquires Italy's Pietro Carini

April 15, 2014 11:20 am ET

Germany's Krahn Chemie GmbH has purchased a majority share in Italy-based speciality chemical company Pietro Carini SpA.    More

Image

RKW buys Hyplast, folds into RKW Agri

April 15, 2014 11:13 am ET

RKW SE, a Germany-based films and flexible packaging group, has announced it has acquired Belgium's Hyplast NV.    More

JSW looks to improve equipment servicing in Europe through contract

April 15, 2014 11:09 am ET

Tokyo-based manufacturer of extruding machinery Japan Steel Works (JSW) has signed an agreement with a Dutch company to help it improve servicing on...    More

Polypipe shares rise on opening day of IPO

April 15, 2014 11:06 am ET

Polypipe Group plc saw its share prices rise during its first day of public trading on the London Stock Exchange, rising from 245 pence ($4.10) to...    More

Image

US equipment firm buys Negri Bossi

April 14, 2014 1:58 pm ET

Italian plastics equipment major Sacmi Group's offerings are getting a U.S. identity. Sacmi has sold its plastics division to Kingsbury Corp., a machi...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events