Business News

Alcan Packaging acquisition complete

Tuesday 02. February 2010 - Amcor announces today that the acquisition of the Alcan Packaging businesses has been completed.

This acquisition provides Amcor with leading global positions in the nominated strategic growth markets for flexible packaging and folding carton packaging for tobacco.

The purchase consideration of US$1,948(1) million represents a PBITDA multiple of 5.1 times based on earnings for the year ended 31 December 2009 of US$383 million (excluding the Medical Flexible operations in the U.S.).