Amcor has announced it will expand its flexible packaging platform in the northern China region with the US$28 million acquisition of Hebei Qite Packing (Qite).
Qite has one plant located in Hebei, North China and generates sales of US$28 million from the supply of flexible packaging products to large domestic customers within the dairy and food segments.
Amcor currently has a total of 11 flexible packaging plants in China, including two plants in close proximity to Qite in Northern China.
Amcor’s managing director and CEO, Ron Delia, said, “Globally and especially within Asia, China is a very attractive growth market for flexible packaging.”
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