Flexible packaging specialists Amcor Flexibles Europe, Middle East and Africa (AFEMEA) is strengthening its foothold in the South African market, having completed its acquisition of Nampak Flexible, the leading flexibles packaging company located in South Africa’s KwaZulu-Natal province.
The acquisition includes one sales office and four manufacturing sites located across South Africa. Amcor aims to build on Nampak’s annual net sales figures of ZAR 1.1 billion (US$ 94m.)
Alongside Amcor’s current units in Africa, the buyout makes Amcor the leading flexibles player in the African market with total net sales in the region estimated to be worth approximately €250 million (US$ 280m).
Amcor now plans to create a new business unit specifically for the region, Amcor Flexibles South Africa (AFSA).
Peter Konieczny, President of AFEMEA, commented, “Africa is an exciting market for Amcor Flexibles. 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.”