ACI sells plastics business to Visy

The sale, which excludes ACI’s beverage containers business in Australia, is subject to regulatory approvals in both Australia and New Zealand. Expected cash proceeds of approximately A$76.5 million will be used to repay bank debt.

ACI Plastics Packaging is one of Australasia’s largest manufacturers of rigid plastic packaging products, serving local and regional markets. Its main markets include packaged and fresh food, beverage, pharmaceutical, health care, industrial household and specialty packaging.

Owens-Illinois is the largest manufacturer of glass containers in North America, South America, Australia and New Zealand, and one of the largest in Europe. O-I also is a worldwide manufacturer of plastics packaging with operations in North America, South America, Europe, Australia and New Zealand. Plastics packaging products manufactured by Owens-Illinois include consumer products (blow molded containers, injection molded containers and closures, and dispensing systems) and prescription containers.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter

Leave a comment:

Your email address will not be published. All fields are required

Advertisement

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.
Advertisement