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Amcor Limited (ASX:AMC) says it has agreed to buy a tobacco packaging company in Brazil for $39 million.
The company, Souza Cruz is majority owned by British American Tobacco and is a market leader in Brazil, the 12th largest tobacco market in the world.
The deal is supported by a long term supply contract between the two companies with Souza Cruz expected to achieve annual sales of around $82 million.
The deal follows recent acquisitions in South Africa and China as Amcor seeks lifts profits via growth in emerging markets and an active acquisition strategy.
Amcor reported a net profit of $409 million for first six months of the financial year.
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Last
$12.46 |
Change
0.050(0.40%) |
Mkt cap ! $8.711B | |||
| Open | High | Low | Value | Volume |
| $12.44 | $12.49 | $12.40 | $25.79M | 2.064M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4044 | $12.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.47 | 105 | 1 |
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| Last trade - 16.12pm 11/09/2025 (20 minute delay) ? |
| AMC (ASX) Chart |