Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Amcor makes acquisition

ZURICH (News release) -- Amcor announced it has entered into an agreement to acquire Shanghai-based MDK. MDK generates annual sales of approximately $50 million and is a leading provider of medical device packaging, a key priority growth segment for Amcor.

MDK's coating capabilities, medical paper-based packaging offerings and customer base complements Amcor's existing portfolio, further enhancing its leading position in the Chinese medical device packaging market. The addition of MDK also strengthens Amcor's leadership in the broader Asia Pacific medical packaging segment, which now comprises four manufacturing sites serving the China, India, Japan and Southeast Asia markets.

"As Amcor continues to sharpen its focus on higher growth priority segments, the addition of MDK will enhance our already strong healthcare platform in the Asia Pacific region," said Amcor CEO Ron Delia. "MDK's talented team brings strong capabilities and a complementary product and customer portfolio. We look forward to working together to unlock value creation opportunities for customers in this fast-growing, high-value segment, which we believe will help us continue to deliver strong returns for our shareholders."

The acquisition of MDK follows the recent opening of Amcor's new world class Asia Pacific Innovation Center in Jiangyin, China, and the introduction last year of a state-of-the-art dedicated healthcare packaging facility in Singapore.

The acquisition is subject to customary regulatory approvals and is expected to close in the March 2023 quarter.

You get lots of valueless email, sign up for newsletters that can promote your career.


Related Articles:

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: