Amcor acquires B-Pack Due

B-Pack Due, a leading manufacturer of film for high performance applications using complimentary technology to Amcor’s existing platform, has been acquired by Amcor for €43 million, representing an EBITDA multiple of 4.9 times annualized EBITDAi of €8.8m.  The business had sales in CY2009 of €43 million.

Key end markets for B-Pack Due are medical, pet food and other laminated food packaging. Amcor currently purchases approximately a third of B-Pack Due production.
 
As part of the acquisition of B-Pack Due, Amcor has also entered into an exclusive supply agreement with Colines S.p.A, a world leading manufacturer of extrusion lines, and supplier to B-Pack Due.  The exclusivity agreement, which covers large capacity lines, provides Amcor with protected access to a world leading CPP manufacturing technology that will serve as a platform for anticipated further expansion in CPP films.

Amcor’s Managing Director and CEO, Ken MacKenzie said: ‘This acquisition is an important step in the overall film strategy for the flexibles business.

B-Pack Due is a global leader in the production of cast polypropylene film and has a number of specialised products and unique process know-how.

’This acquisition is complementary to our existing operations as Amcor currently does not have a large position making these films. The acquisition price of 4.9 times EBITDA enables us to achieve very strong returns on our investment.’