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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
$14.88 |
Change
0.140(0.95%) |
Mkt cap ! $10.26B | |||
| Open | High | Low | Value | Volume |
| $14.80 | $14.91 | $14.77 | $16.87M | 1.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 10459 | $14.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.89 | 13073 | 22 |
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| Last trade - 14.23pm 11/08/2025 (20 minute delay) ? |
| AMC (ASX) Chart |