NEWS

Amcor Rigid Plastics Announces Specialty Container Acquisition in Latin America

Friday, May 05, 2017

Amcor Rigid Plastics USA, LLC has expanded its specialty container business in Latin America with the acquisition of Colombia’s Plasticos Team S.A.S. from Team Foods Colombia S.A., a leading food producer in Colombia.

 Plasticos Team is a dedicated producer and distributor of preforms, bottles, thin-wall containers, and closures.

This acquisition broadens Amcor’s technology in the region and strengthens its position as a leading global supplier of rigid plastic containers. The deal includes one stand-alone facility located in Guachene, Colombia.

“The Latin America market continues to be an important growth area for us,” said Mike Schmitt, Amcor Rigid Plastics President. “The acquisition of Plasticos Team is important since it validates the roles of both a packaging converter and a consumer goods company working together to supply innovative products to consumers in the region.”

Team Foods Colombia S.A. has signed a long-term agreement with Amcor for the supply of rigid plastic containers.

Amcor operates three additional rigid packaging plants and one flexible packaging plant in Colombia serving customers in the beverage, food, home, and personal care segments.

 

Source:businesswire.com

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