Wayne Richardson Sales is a distributor of a broad range of industrial packaging and packaging consumables to small and medium size customers, it has eight distribution centres across Australia, and sales of approximately $50m.

Kevin Mackenzie, chief executive Amcor says “The purchase of Wayne Richardson Sales improves the value proposition of Amcor’s existing packaging business and strengthens our market position. It brings to Amcor a new and more effective channel to small and medium sized packaging customers. The combined business will provide new products as well as additional services and enhanced technical support for customers.”

Amcor says the purchase multiple was approximately 6.5 times fiscal year 2012 EBITDA, and the acquisition is expected to deliver returns in excess of 20 per cent year by year.

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