Amcor completes tobacco packaging acquisition in Brazil
The investment is supported by a long-term supply contract between Amcor and Souza Cruz and the business is expected to achieve annual sales of approximately $56 million.
"This acquisition adds a third plant to our Latin American footprint, cementing our position as the only truly global packaging supplier for the tobacco industry," Jerzy Czubak, president of Amcor Tobacco Packaging, said. "Together with our global innovation platforms and exceptional operational capabilities, we are excited by the opportunities our growing footprint presents our customers."
Amcor Tobacco Packaging, a division of Amcor Ltd., is the leading global supplier of folding cartons for the tobacco industry. Recognized for quality and innovation with 23 manufacturing sites in 20 countries across the Americas, Europe and Asia, its scale, footprint and packaging expertise enable consistency in quality standards and delivery performance across all operations. The business continues to invest in cutting-edge printing technologies to deliver value-added packaging solutions to customers across a range of industries.