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Acquires Packaging India Private Limited for $26.4 million.
July 14, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Amcor announced 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. PIPL 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 (US$40 million). Amcor currently...
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