Amcor Expands Reach in India with Acquisition of Phoenix Flexibles
Amcor, a global leader in developing and producing responsible packaging solutions, has announced that it has entered into an agreement to acquire Phoenix Flexibles. The acquisition increases Amcor’s capacity in the high-growth Indian market.
Phoenix Flexibles has one plant located in Gujarat, India, and the business generates annual revenue of approximately $20 million from the sale of flexible packaging for food, home care and personal care applications.