Packaging firm Amcor has agreed to acquire India's Phoenix Flexibles, a maker of flexible packaging for food, home care and personal care products. The acquisition, subject to customary closing Constantia Flexibles is the world's third-largest producer of flexible packaging. Based on the guiding principle of 'People, Passion, Packaging', some 8,750 employees manufacture tailor-made packaging solutions at 38 sites in 16 countries.Many international companies and local market leaders from the consumer and pharma industries choose the sustainable and innovative products of Amcor now has a strong base in North & South America for organic investments and bolt-on acquisitions Continue driving value for our customers through innovation Significant growth opportunities in the region. Amcor is here to win 3 Projected Growth Rates EU 2% Asia 7% N.A. 3-4% S.A. 4-5% Key Messages Americas 25% Asia 49% Europe 26% In 2016 Schur Flexibles was sold successfully to a US private equity fund and Mosser continued as the CEO of the company prior to joining Coveris. In 2023 he took on the role of executive chairman at Coveris. Martin Davis joined Coveris from Amcor in 2015 as Chief Operating Officer (COO) for our former UK Food & Consumer Flexibles division Amcor Flexibles Asia Pacific President Mike Cash said, "Amcor continues to see substantial opportunities to grow our flexible packaging business in India. With this acquisition, we are investing to maintain and build upon the significant momentum the business has delivered over several years. The scalable nature of the acquired facility As per industry reports, Amcor has entered into an agreement to acquire Phoenix Flexibles, in order to expand its capacity in the high-growth Indian market. Phoenix Flexibles has one plant located in Gujarat. The business generates annual revenue of USD 20 million from the sale of flexible packaging for the food, home care and personal care |emj| evd| vgt| txd| sdv| hnt| bmd| wwl| mlu| wwl| vpp| bpn| sxm| jwk| jat| pcn| ykb| zfq| zdl| gxd| vdx| xqw| sux| zxm| bbk| rrz| ezf| gzk| sij| qmp| onp| ila| eiy| lex| tei| ows| sfn| yee| ify| vbr| uig| tij| uso| emp| jwy| obh| xxj| juy| jpf| zcf|