Amcor has acquired Packaging India Private Limited (PIPL) from Essel Propack, a publicly listed specialty packaging company.

The acquisition, worth US$26.4m, will give Amcor another three plants in India to add to its existing four flexible packaging plants across the country.

Amcor says the acquisition expands its footprint into Southern India, increasing the local talent pool and adding to the existing blown film and cylinder making capabilities.

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Chief executive Ron Delia says: “India is a very attractive market for flexible packaging driven by strong economic growth, favourable demographics and rapidly changing retail formats.

“The PIPL acquisition provides an opportunity to further expand Amcor’s customer base and enhance our unique value proposition in this important, high growth market.”

PIPL produces flexible packaging products, mainly for the food and personal care markets, servicing a mix of multinational and local customers with sales of about US$40m.

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