The investment supports customer demand through Europe in attractive segments including coffee and pet food
ZURICH, August 22, 2022 /PRNewswire/ — Amcor (NYSE: AMCR) (ASX: AMC), a global leader in the development and production of responsible packaging solutions, today announced that it has completed the acquisition of a facility world-class flexible packaging facility located in the Czech Republic.
The site’s strategic location immediately increases Amcor’s ability to meet strong demand and customer growth through its flexible packaging network in Europe.
“With this acquisition, we are investing to accelerate the organic growth momentum of our flexible business by Europe in attractive segments,” said Michael ZackaPresident, Amcor Flexibles Europe, Middle East & Africa. “The scalable nature of the acquired site and its attractive location further strengthen our ability to meet strong customer demand and generate strong returns for Amcor shareholders.”
The plant is a new development commissioned by DG Pack in 2019 and has state-of-the-art specialist equipment for attractive segments including coffee and pet food. The acquired land and buildings also provide the opportunity to significantly scale up operations and establish a highly efficient production center.
Amcor is a world leader in the development and production of responsible packaging solutions for food, beverage, pharmaceutical, medical, household and personal care products, and other products. Amcor works with leading companies around the world to protect their products and the people who depend on them, differentiate brands and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly lightweight, recyclable and reusable, and made from an increasing amount of recycled content. In fiscal 2022, 44,000 Amcor people generated $15 billion in annual revenue from operations across 220 sites in 43 countries. New York Stock Exchange: AMCR; ASX: AMC
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