Market News

Key Developments:

For instance, in Amcor Limited acquired the assets of Sonoco’s plastic blow molding business in North America for $280 million. The Sonoco’s acquisition includes business of flexible packaging, thermoforming rigid plastics and temperature-assurance packaging.

In June 2019, Amcor Limited acquired Bemis Company, Inc. for a value of US$ 6.8 billion. Amcor shareholders will now own 71% and Bemis shareholders 29% of the new combined company. This acquisition has helped Amcor Limited to strengthen its position in global market.

For instance, in March 2018, Constantia Flexibles GmbH acquired Creative Polypack Limited, India’s flexible packaging company. The Creative Polypack Limited’s acquisition include production sites at Baddi, Kanpur, Kolkata, Assam and Puducherry, in northern, eastern and southern India.

In February 2013, Anchor Packaging acquired a 423,000 square foot manufacturing and warehousing facility in Jonesboro, Arkansas, from Quad Graphics. This acquisition has helped Anchor Packaging to expand its thermoforming packaging business in North American market.