Amcor sells three flexible packaging plants
Amcor has sold three of its Australasian flexible packaging plants to Australian company Integrated Packaging for $22 million.
Amcor said the sites were acquired as part of the Aperio acquisition and focused on non-core industrial and agricultural markets. The $22 million process was based on the same EBITDA multiple as Amcor paid for Aperio.
In a statement, Amcor said of the sale, “Synergies from the Aperio acquisition are not impacted by the sale and remain at $25 million by year three.”
The transaction is subject to ACCC approval.
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