Amcor has forecast returns of more than 20% for its latest acquisition.

Amcor announced today that it had acquired the Detmold Group's flexibles packaging business for $50 million, subject to ACCC approval.

"The acquisition price represents an EBITDA multiple of 6.6 times, and after the realisation of synergy benefits, return on funds employed are expected to be more than 20%."

Detmold Flexibles operates two plants in Melbourne and has sales of about $55 million, according to Amcor.

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Amcor chief executive Ken MacKenzie said this latest deal "builds on the success" of last year's acquisition of flexible packaging firm Aperio Group.

"It enables the Australian flexibles business to strengthen their manufacturing centres of excellence with plants focused on specific technologies and end-market segments," said MacKenzie.

"The acquisition will further improve our customer value proposition in the Australian market by enhancing the ability to invest in both product and process innovation."

Amcor is in the process of divesting its $2.9 billion Australasia & Packaging Distribution business, which will be known as Orora.

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