Amcor acquires Aluprint tobacco packaging plant in Monterrey, Mexico, for US$40M; Australian packaging company has recently bought a tobacco packaging operation in Argentina

MELBOURNE, Australia , April 5, 2012 (press release) – Amcor announces today the US$40 million acquisition of the Aluprint tobacco packaging plant in Monterrey, Mexico.

The acquisition establishes a local presence in Mexico, a large and strategically located market for tobacco packaging. It follows Amcor’s recently announced purchase of a tobacco packaging operation in Argentina.

The Monterrey plant was constructed in 2009 at an approximate cost of US$40 million and the acquisition price represents the book value of assets acquired, comprising the plant at Monterrey, a cylinder engraving operation and working capital. The business has sales of US$30 million.

Amcor’s Managing Director and CEO, Mr Ken MacKenzie, said: “The Aluprint acquisition continues the strategy of expanding our presence in Latin America.

“Our strong customer relationships coupled with our market leading position in North America provides the opportunity to significantly increase sales on the existing asset base.”

The transaction is expected to close in early July 2012.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.