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

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Tighter resin prices leading to price hike for PE film

August 29, 2014 11:13 am ET

One of North America's largest film makers is pushing through a polyethylene price increase due, in part, to the tight resin market.    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Image

Obituary: Frank Nissel, Welex Inc. co-founder

August 28, 2014 1:01 pm ET

Friends, family and business acquaintances will remember Nissel as an urbane, outgoing machinery executive, an expert on extrusion, a globalist who...    More

Image

Pregis, Sealed Air settle film-foam patent dispute out of court

August 28, 2014 1:01 pm ET

A couple of packaging companies are settling their patent fight over film-foam underlayment.    More

Market Reports

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

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

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

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

More Events