The business has four plants and a broad range of capabilities including film extrusion, flexographic and gravure printing and lamination. It is the largest flexible packaging manufacturer and supplier in Chile and Peru, and a leading participant in Colombia and Argentina, with one plant in each of these four countries.
Amcor CEO and Managing Director, Ron Delia said: “With the creation of a new Flexibles Americas Business Group in July 2015, there was an expectation this business could accelerate growth in both North and South America. It is pleasing that over a relatively short period of time, our flexible packaging sales in the region will almost double to nearly $1 billion with the acquisition of Alusa, and the recently completed acquisition of Deluxe Packages in the USA."
The acquisition is subject to approval by Techpack shareholders as well as approval by the relevant regulatory authorities. Completion is expected in the coming months.
