Amcor to acquire Bella Prima

Australian packaging group to pay $27m for Indonesian flexible packaging business

Amcor (AMC) will purchase Indonesian flexible packaging business Bella Prima at a cost of $27 million, which represents seven times the target's calendar 2013 earnings before interest, taxation, depreciation and amortisation (EBITDA).

Bella Prima has two plants in Jakarta specialising in the high growth shrink sleeve, label and lidding business, which delivered sales of approximately $30 million in calendar 2013.

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