07.03.15
Amcor Flexibles Europe, Middle East and Africa (AFEMEA) today announced it has completed the acquisition of Nampak Flexible, the leading flexibles packaging company in South Africa. In combination with Amcor’s current business in Africa, the closing of this deal makes Amcor the leading flexibles player in the African market, with a total net sales in the region of approximately €250 million (USD $280 million).
The acquisition includes four manufacturing sites and one sales office located across South Africa, and generates a net sales of approximately ZAR 1.1 billion (USD $94) million per year. They will join the Amcor Flexibles team as a new business unit, Amcor Flexibles South Africa (AFSA).
“Africa is an exciting market for Amcor Flexibles,” said Peter Konieczny, president of AFEMEA. “Combining Amcor’s global footprint, world-class innovation and R&D capabilities with Nampak Flexible’s strong reputation for service and quality in the African market, we will create a flexible packaging business that will support Amcor’s profitable growth agenda in Sub-Saharan Africa.”
The acquisition includes four manufacturing sites and one sales office located across South Africa, and generates a net sales of approximately ZAR 1.1 billion (USD $94) million per year. They will join the Amcor Flexibles team as a new business unit, Amcor Flexibles South Africa (AFSA).
“Africa is an exciting market for Amcor Flexibles,” said Peter Konieczny, president of AFEMEA. “Combining Amcor’s global footprint, world-class innovation and R&D capabilities with Nampak Flexible’s strong reputation for service and quality in the African market, we will create a flexible packaging business that will support Amcor’s profitable growth agenda in Sub-Saharan Africa.”