Australia-based Integrated Packaging Group has completed its previously announced acquisition of the business and assets of three Amcor Flexibles Packaging plants in Cheltenham, Chester Hill and Kirrawee for $22m.
The three packaging plants in Australasia produce plain and printed polyethylene products including printed industrial bags, shrink film, and PVC food films.
IPG CEO John Cerini said the acquisition reinforces the company's growth strategy in industrial and agricultural packaging, as well as expanding it into printing, converting and PVC food films.
"This acquisition will enable IPG to further develop its innovative, cost effective, and environmentally beneficial solutions for our customers in Australia, New Zealand and other global markets including Asia and North America," Cerini said.
The purchase also gives additional capabilities to IPG in printing, converting and PVC food films.
