09.02.15
Amcor Tobacco Packaging announced that it has completed the acquisition of Souza Cruz’s internal tobacco packaging operations located in Cachoeirinha, Rio Grande do Sul, Brazil.
Souza Cruz is majority-owned by British American Tobacco plc and is the market leader in the Brazilian cigarette market.
The investment is supported by a long-term supply contract between Amcor and Souza Cruz. The business is expected to achieve annual sales of approximately BRL 200 million (US$ 56 million).
“This acquisition adds a third plant to our Latin American footprint, cementing our position as the only truly global packaging supplier for the tobacco industry,” said Jerzy Czubak, president, Amcor Tobacco Packaging.
Souza Cruz is majority-owned by British American Tobacco plc and is the market leader in the Brazilian cigarette market.
The investment is supported by a long-term supply contract between Amcor and Souza Cruz. The business is expected to achieve annual sales of approximately BRL 200 million (US$ 56 million).
“This acquisition adds a third plant to our Latin American footprint, cementing our position as the only truly global packaging supplier for the tobacco industry,” said Jerzy Czubak, president, Amcor Tobacco Packaging.