Add-on Acquisition • Packaging

Amcor Acquires Phoenix Flexibles

On August 11, 2023, Amcor acquired packaging company Phoenix Flexibles

Acquisition Context
  • This is Amcor’s 17th transaction in the Packaging sector.
  • This is Amcor’s 3rd transaction in India.

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M&A Deal Summary

Date August 11, 2023
Target Phoenix Flexibles
Sector Packaging
Buyer(s) Amcor
Deal Type Add-on Acquisition

Target Company

Phoenix Flexibles

Ahmedabad, India
Phoenix Flexibles is an Indian packaging company that offers flexible packaging solutions with a focus on sustainable packaging. Phoenix Flexibles' develop packaging that protects food, pet food, home & personal care, pharma, industrial goods & many more. Phoenix Flexibles was founded in 2011 and is based in Ahmedabad, India.
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Buyer Overview 1

Buyer

Amcor

Zurich, Switzerland

Category Company
Sector Packaging
Employees41,000
Revenue 13.6B USD (2024)
DESCRIPTION
Amcor's corporate headquarters in Zurich, Switzerland.
Amcor's corporate headquarters in Zurich, Switzerland.

Amcor is a global packaging solutions provider that specializes in delivering packaging solutions to a diverse range of industries. Amcor designs and produces an extensive array of packaging products, including flexible and rigid packaging, specialty cartons, and advanced packaging technologies. Amcor is based in Zurich, Switzerland.


Deal Context for Buyer #
Overall 21 of 21
Sector: Packaging 17 of 17
Type: Add-on Acquisition 12 of 12
Country: India 3 of 3
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 Moda Systems

Auckland, New Zealand

Moda Systems is a manufacturer of state-of-the-art, automated protein packaging machines. The company designs, assembles and supports innovative, high-performance modular vacuum packaging solutions for the meat, poultry and dairy industries. Moda Systems is based in Auckland, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-08 A.T.E.D.I.A. Films

Dax, France

A.T.E.D.I.A. Films is a flexible film extruder focused on high-performance blown PE & PP film manufacturing. A.T.E.D.I.A. Films is based in Dax, France.

Sell -

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