Industry News, Mergers and Acquisitions

Amcor Acquires Chinese Flexible Packaging Company

Purchase price represents 7.1 times EBITDA

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By: Catherine Diamon

Director, Executive Internal Communications, GAF

Amcor has reached an agreement to acquire Zhongshan Tian Cai Packaging Company, a Chinese flexible packaging business for RMB 211 million. The purchase price represents 7.1 times EBITDA. Tian Cai has one plant located in Zhongshan and has generated RMB 280 million per year. The business produces flexible packaging products for the food, beverage and pharmaceutical end markets and supplies local and multinational customers. “China is one of the most attractive markets for flexible packaging...

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