Amcor acquires flexible packaging facility in Czech Republic
MOSCOW (MRC) -- Multinational packaging company Amcor has completed its acquisition of a flexible packaging plant in the Czech Republic, said the company.
- 23 August, 2022
Commissioned as a greenfield in 2019, the plant is fitted with advanced, specialised equipment to allow it to serve various segments, including coffee and pet food. In addition, the purchased land and buildings offer the capacity to expand the facility’s operations and establish a production hub at the site.
The strategically located site will allow Amcor to expand its capacity to serve high demand and customer growth across its flexible packaging network in Europe. Amcor Flexibles Europe, Middle East & Africa president Michael Zacka said: “With this acquisition, we are investing to accelerate the organic growth momentum of our flexibles business in Europe in attractive segments.
“The scalable nature of the acquired site and its attractive location further bolsters our ability to service strong customer demand and generate strong returns for Amcor shareholders." The acquisition comes a few days after Amcor revealed plans to sell three of its factories in Russia.
https://www.mrchub.com/news/403684-amcor-acquires-flexible-packaging-facility-in-czech-republic
Ann: Form 8-K - FY22 Results, page-4
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