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Amcor Flexibles Europe, Middle East and Africa (AFEMEA) announced it has completed the acquisition of Nampak Flexible, the leading flexibles packaging company in South Africa. In combination with Amcor's current business in Africa, the closing of this deal makes Amcor the leading flexibles player in the African market with a total net sales in the region of approximately ?250 million (US$ 280 million).
The acquisition includes four manufacturing sites and one sales office located across South Africa and generates a net sales of approximately ZAR 1.1 billion (USD 94) million per annum. They will join the Amcor Flexibles team as a new business unit, Amcor Flexibles South Africa (AFSA).
"Africa is an exciting market for Amcor Flexibles," said Peter Konieczny, President of AFEMEA. "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."
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.
Amcor has a successful track record in integrating new businesses, and we are now focussed on ensuring a seamless integration that will create an exceptional business in Africa, focused on creating value for shareholders and customers.
