Amcor launches new business in South Africa

The acquisition, announced earlier this year, includes four manufacturing sites and one sales office located across South Africa and generates a net sales of approximately 94 million USD a year. The acquisition of Nampak makes Amcor the leading flexibles player in the African market with total net sales in the region of approximately 280 million USD.

AFSA will provide customers with broader product and technology offerings, increased innovation and development capacity, and a more versatile manufacturing footprint in Africa. Going forward, customers will benefit from improved choice, quality, service and security of supply.

‘Africa is an exciting market for Amcor Flexibles,’ said Peter Konieczny, AFEMEA president. ‘Combining Amcor’s global footprint, world-class innovation and R&D capabilities with Nampak Flexible’s strong reputation for service and quality in the African market, we will create a flexible packaging business that will support Amcor’s profitable growth agenda in sub-Saharan Africa.’

Nicholas Mockett, head of packaging mergers and acquisitions (M&A) at Moorgate Capital, has previously described the acquisition as making a lot of sense for Amcor. ‘Africa is a big opportunity for the packaging industry. As living standards rise the indigenous demand for packaging will rise. And Africa also produces food which is exported, such as to Europe, and is often packaged at point of production before it is shipped to reduce waste,’ Mockett said