Amcor acquires Encon's preform manufacturing business
Amcor has announced the acquisition of privately owned Encon’s preform manufacturing business for US$55 million. The acquired business will form part of Amcor’s Rigid Plastics business group.
Encon generates annual revenues of approximately US$110 million servicing both Amcor’s existing customers and new customers within the beverage, food and household segments. The business operates from four manufacturing sites, producing the majority of preforms from one large-scale plant located in Dayton, Ohio.
Amcor CEO and Managing Director Ron Delia said the acquisition provided an excellent opportunity.
“Given the manufacturing overlap, the acquisition will deliver considerable operating synergies and generate strong returns for shareholders,” he said.
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