Amcor announces today the INR 1,650 million (US$26.4 million) acquisition of Packaging India Private Limited (PIPL) from Essel Propack, a publicly listed specialty packaging company.
IPL has three plants located in the North and South of India and produces flexible packaging products predominately for the food and personal care markets.
The business services leading multinational and local customers and generates annual sales of approximately INR 2,500 million.
Amcor currently has four flexible packaging plants across the North and West of India.
The acquisition of PIPL expands Amcor’s footprint into Southern India, increases the local talent pool and adds to the existing blown film and cylinder making capabilities.