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 Packaging, Mergers & Acquisitions, Film & Sheet, Oceania, Asia
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

Super typhoon ravages South China

July 21, 2014 3:58 pm ET

Super Typhoon Rammasun, the most powerful typhoon that has landed in China in four decades, has left parts of South China devastated, and the local...    More

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of...    More

Image

Windmöller & Hölscher looking to continued growth in China

July 21, 2014 3:40 pm ET

With 2013 global sales of 600 million euros, China has grown into an important export market for Windmöller & Hölscher KG, second only to the United...    More

Image

Grocery store chain says bag recycling up by 10 percent

July 21, 2014 2:54 pm ET

Kroger Co., with more than 2,600 stores in 34 states and sales nearing $100 billion, saw plastic bag recycling increase by 10 percent last year.    More

Image

New startup uses film for a 'virtual venetian blind' in smart windows

July 21, 2014 12:50 pm ET

Flexible ITO Solutions, which goes by FITOS, has an informal development agreement with a smart window manufacturer that could use the technology to m...    More

Market Reports

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

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

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

Upcoming Plastics News Events

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

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

More Events