Amcor acquires China-based Tian Cai Packaging Company for RMB211 million

Australia-based packaging group Amcor has agreed to acquire Zhongshan Tian Cai Packaging Company in China for RMB211 million.

Tian Cai, a Chinese flexible packaging business located in Zhongshan, generates approximately RMB280 million per annum. The company offers packaging for the food, beverage and pharmaceutical markets.

Amcor, which currently has three flexible packaging plants in Southern China, said the acquisition will expand broaden Amcor's capabilities within the South China region to include pharmaceutical packaging.

"China is one of the most attractive markets for flexible packaging globally. The Tian Cai acquisition is a strong fit with our existing operations and provides an opportunity to further expand Amcor's customer base and product offering in the South China region," said Amcor's Managing Director and CEO, Ken MacKenzie.