It's been a big month for Australia's Amcor Ltd.
The company has sold its medical flexible packaging plant in Marshall, N.C., to Atlanta-based Printpack Inc., according to an Oct. 7 new release from Mesirow Financial Holdings Inc., the Chicago-based adviser to the deal. Terms were not disclosed.
We have been investigating the medical packaging market for quite some time. Timing was right to acquire Amcor's Marshall facility and we are excited to be entering this new market, Printpack President Dennis Love said in a Sept. 14 news release.
Amcor was required to sell the operation to secure U.S. approval for its $2 billion acquisition of part of Alcan Packaging from London-based Rio Tinto plc in 2009.
According to local news media reports, Amcor Rigid Plastics, the company's PET division based in Ann Arbor, Mich., will add 5,000 square feet to its blow molding plant in Manchester, Mich., the second large addition at the plant since 2008.
Amcor officials did not return requests for comment on the plant expansions.
Melbourne, Australia-based Amcor on Oct. 1 said it had purchased B-Pack Due SpA, a cast polypropylene film manufacturer based in Campiglia Marritima, Italy, for 43 million euros ($59.9 million).
B-Pack is part of the 130 million-euro ($181.2 million) Colines Holdings Group.
The move heralds expansion by Amcor into the cast PP market; Amcor's film business is almost exclusively based on blown production. The deal also includes Amcor signing an exclusive supply agreement with Colines, which manufactures film production equipment, covering large CPP lines.