Amcor announces its acquisition of Detmold Flexibles, a privately-owned Australian flexible packaging business. The new business will be part of Amcor Flexibles Asia Pacific.
Detmold Flexibles operates two plants in Melbourne and has sales of approximately $55 million.
According to Amcor CEO and Managing Director, Ken MacKenzie, from a strategic perspective Detmold Flexibles builds on the success of the 2012 Aperio Group acquisition, and enables the Australian flexibles business to strengthen their manufacturing centres of excellence with plants focussed on specific technologies and end market segments.
He adds the acquisition will further improve their customer value proposition in the Australian market by enhancing their ability to invest in both product and process innovation.