Amcor buying South American packaging business Alusa for $435m

By Jim Cornall contact

- Last updated on GMT

Amcor is expanding in South America by taking over Alusa, which includes Peruplast, Alusa, Aluflex and Flexa.
Amcor is expanding in South America by taking over Alusa, which includes Peruplast, Alusa, Aluflex and Flexa.

Related tags: South america

Australian global packaging company Amcor has announced an agreement to acquire Alusa, the largest flexible packaging business in South America, for $435m.

Alusa – which includes Alusa (Chile), Peruplast (Peru), Aluflex (Argentina) and Flexa (Colombia) – is owned by Techpack S.A. and Nexus Private Equity.

The business has four plants and activities include film extrusion, flexographic and gravure printing, and lamination.

Alusa generates sales of approximately $375m from the supply of flexible packaging for food, personal care and pet food applications.

It is the largest flexible packaging manufacturer and supplier in Chile and Peru, and a leading participant in Colombia and Argentina, with one plant in each of the four countries.

Accelerating growth

Amcor CEO and managing director, Ron Delia, said, “With the creation of a new Flexibles Americas Business Group in July 2015, there was an expectation this business could accelerate growth in both North and South America.

“It is pleasing that over a relatively short period of time, our flexible packaging sales in the region will almost double to nearly $1bn with the acquisition of Alusa, and the recently completed acquisition of Deluxe Packages in the US.”

The acquisition is subject to approval by Techpack shareholders as well as by the relevant regulatory authorities. Completion of the deal is expected in the coming months.

Amcor is expanding its footprint in the South American market.

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