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

Ron Delia, managing director and chief executive at Amcor

The acquisition, worth US$26.4m will give Amcor a further three plants located in the North and South of India. Amcor already runs four flexible packaging plants across the North and West of India. 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. Ron Delia, managing director and chief executive at Amcor, 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. The business services a mix of multinational and local customers, generating annual sales of approximately US$40m.

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