Amcor Announces the Acquisition of Privately Owned Encon's Preform Manufacturing Business

The consideration payable will be US$55 million and the acquired business will form part of Amcor's Rigid Plastics business group.

Encon generates revenues of approximately US$110 million servicing both Amcor's existing customers and new customers within the beverage, food and household segments.

The business operates from four manufacturing sites, producing the majority of preforms from one large scale plant located in Dayton, Ohio. The business is well capitalised and this acquisition is expected to reduce future capital requirements for Amcor's existing Rigid Plastics business.

Amcor CEO and Managing Director, Ron Delia said: "This acquisition provides an excellent opportunity to acquire a well capitalised business at an attractive price. Given the manufacturing overlap, the acquisition will deliver considerable operating synergies and generate strong returns for shareholders."

For further information please contact:

John Murray

Executive GM Corporate Affairs

Amcor Limited

+61 3 9226 9005

Tracey Whitehead

Vice President Investor Relations

Amcor Limited

+61 3 9226 9028

More from Test & Measurement

All Topics