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

French investment firm buys Alabama-based CSP Technologies

January 30, 2015 1:10 pm ET

A French investment firm has finalized a deal to buy CSP Technologies Inc., an Auburn, Ala., company that makes specialty plastics packaging.    More

Image

Lubrizol buys Brazil-based coatings technology manufacturer

January 30, 2015 11:50 am ET

Specialty chemicals company Lubrizol Corp. of Wickliffe, Ohio, said it has acquired a Brazilian company that makes coatings technology for products...    More

Image

Report: Brands are falling short on packaging sustainability

January 29, 2015 5:19 pm ET

Packaging in general, and plastic packaging in particular, has a long way to go in terms of recycling, according to a pair of environmental groups.    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Image

Profit dips at Bemis Co. Inc.

January 29, 2015 2:04 pm ET

Profit dipped for Bemis Co. Inc. for all of 2014, but were up during the fourth quarter in what the company's leader called a “pivotal year.R...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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