Amcor buys Indonesian packaging firm Bella

By Kate Tilley
Correspondent

Published: May 7, 2014 8:43 am ET
Updated: May 7, 2014 1:21 pm ET

Image By: Amcor Ltd. Amcor Ltd.'s acquisition of Bella Prima Packaging brings it another flexible packaging operation in Indonesia.

Related to this story

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

MELBOURNE, AUSTRALIA — Packaging giant Amcor Ltd. has entered into an agreement to buy an Indonesian flexible packaging business, Jakarta-based Bella Prima Packaging Ltd., for A$27 million (US$25.2 million).

Bella Prima has two plants in Jakarta specializing in heat-shrinkable plastic film, PVC shrinkable tubes, multi-color shrink labels, tamper-evident seals for dairy, food, cosmetic, pharmaceutical and household products, nylon laminated vacuum packaging bags, oriented polypropylene wraparound labels and food-grade tandem laminated lids.

An Amcor news release said Bella Prima sales in the year to Dec. 31, 2013, were about A$30 million (US$28 million).

Amcor already has a flexibles packaging plant in Jakarta which manufactures products for the food, household, personal care and farmer end markets. Amcor investor relations manager Tracey Whitehead told Plastics News the plant’s sales are about US$40 million a year.

Amcor’s release said the acquisition complements the existing operations because it “broadens Amcor’s participation strategy with its multinational and local customers” and adds to the domestic talent pool.

Whitehead said it is a “clean acquisition” and Amcor will continue to operate three separate plants.

Amcor’s managing director and CEO Ken MacKenzie said: “Indonesia is an attractive market for flexible packaging given its rising per capita income and changing retail formats.

“The Bella Prima acquisition gives Amcor the opportunity to broaden its product portfolio in attractive end-market segments and deepen our relationships with key customers. Given the expected synergy benefits, it is anticipated returns will exceed 20 percent by year three.”

Amcor says the purchase price is seven times Bella’s earnings before income depreciation and amortization for 2013.


Comments

Amcor buys Indonesian packaging firm Bella

By Kate Tilley
Correspondent

Published: May 7, 2014 8:43 am ET
Updated: May 7, 2014 1:21 pm ET

Post Your Comments


Back to story


More stories

Image

Australia's Orora buys Texas packaging distributor Worldwide Plastics

September 2, 2014 2:54 pm ET

Australian packaging company Orora Ltd. has bought San Antonio, Texas-based plastic packaging distributor Worldwide Plastics Co.    More

Image

A. Schulman buys Australia's Compco, 10th acquisition in 4 years

September 2, 2014 11:13 am ET

Akron, Ohio-based A. Schulman Inc., a supplier of high-performance plastic compounds and resins, said it has acquired a company near Melbourne,...    More

Image

EcoCortec develops marine degradeable film to help reduce debris

September 2, 2014 9:55 am ET

Croatian specialist packaging producer EcoCortec has developed marine biodegradable film products designed to combat the scourge of plastics...    More

Image

California lawmakers give final approval to plastic bag ban

August 30, 2014 6:00 am ET

Under the measure, single-use plastic bags will be barred from California retailers, including grocery stores, convenience stores and drug stores, as ...    More

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 technolo...    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