Ken MacKenzie

Related topics: Processing & Packaging Amcor has predicted it will see strong growth in 2013 thanks in part to an extra A$200m (€148m) in its coffers as result of synergies flowing from the recent acquisitions of Alcan and Ball Plastics. This means the Australian-based company would be in a position to defy any economic slump over the next two years, said Ken MacKenzie, company CEO and managing director. He added that the integration of Alcan had been swifter and cheaper than forecast – leading to a company-wide boost of earnings reaching A$140m in 2011. “The advantage of having cost

Packaging maker Amcor is looking to accelerate growth by expanding its presence in emerging markets, where it says it can achieve sales growth of between 10 and 15 per cent without making any new acquisitions. Amcor also said on Thursday that it expected earnings in 2012 to be substantially higher than in 2011 as a result of improvements to its operations and higher than expected benefits arising from recent acquisitions. Amcor acquired Alcan Packaging for $A2.3 billion in August 2009 and bought US plastic packaging business Ball Plastics for $US280 million

HAWTHORN, Australia—Amcor announced that the acquisition of the Alcan Packaging businesses has been completed. The acquisition provides Amcor with leading global positions in its strategic growth markets.

HAWTHORN, Victoria, Australia—Amcor has offered to acquire parts of Alcan Packaging for US $2,025 million from Rio Tinto. The Alcan Packaging businesses which Amcor has agreed to acquire include: Alcan Packaging Global Pharmaceuticals, Alcan Packaging Food Europe, Alcan Packaging Food Asia, and Alcan Packaging Global Tobacco.