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 globally,” said Ken MacKenzie, Amcor’s managing director and CEO. “The Tian Cai acquisition is a strong fit with our existing operations and provides an opportunity to further expand Amcor’s customer base and product offering in the South China region.”
Amcor has three flexible packaging plants, including a location in Zhongshan. This acquisition will complement the existing food and beverage business and broaden Amcor’s capabilities within the South China region to include pharmaceutical packaging.
“Amcor has a strong and successful position in the Chinese flexible packaging market with ten operations covering all key regions and annualized sales of approximately US$500 million,” added Mackenzie.