Amcor has announced that it has received European Commission approval to proceed with the acquisition of the European businesses of Alcan Packaging that the company is purchasing from Rio Tinto Plc.
A condition of this approval is Amcor agreeing to divest its Tobepal operation comprising two plants that have combined sales of approximately EUR110 million and produce a range of pharmaceutical, personal care and food packaging products.
The plants are located in Spain and are part of the Amcor Flexibles operations.
The divestment undertaking was required to meet the European Commissions’ concern relating to pharmaceutical sachet and aluminium cold-form foil products.
The transaction remains subject to regulatory approval in the United States and consultation with the European Works Council.
The combined Amcor and Alcan Packaging businesses in Europe currently have sales of approximately USD4.8 billion in 75 plants.
Amcor’s Managing Director and CEO, Mr Ken MacKenzie, says, "Receiving approval from the European Commission is an important step toward closing the Alcan Packaging acquisition."
"The two plants to be divested represent less than 5% of the combined sales in Europe and will not have a material affect on the synergies or operational improvements anticipated.”
In preparation for the acquisition, Amcor has restructured the organisation into the following new business groups with the respective Presidents reporting directlyto Ken Mackenzie:
- Amcor Flexibles - Europe and Americas Peter Brues
- Amcor Rigid Plastics Bill Long
- Amcor Australasia Nigel Garrard
- Amcor Tobacco Packaging Peter Konieczny
- Amcor Flexibles - Asia Pacific Ralf Wunderlich
- Amcor Sunclipse Eric Bloom
- AMVIG Billy Chan
Amcor Flexibles -
Europe and AmericasPeter Brues, currently President of Amcor Flexibles Healthcare, will be the President Amcor Flexibles — Europe and Americas.
This business group combines the current Amcor Flexibles Food and Flexibles Healthcare businesses with the Alcan Packaging Global Pharmaceutical and Food Europe businesses.
The combination of these flexibles businesses will create an integrated business with sales of approximately US$5 billion.
Amcor Rigid Plastics
This is the new name for what was previously Amcor PET Packaging and Bill Long will continue to be the President. The business will consist of Amcor PET, Bericap closures - North America and Alcan Packaging Pharma Plastics (Rigids).
Amcor Australasia.
Nigel Garrard will continue to lead the Australasia business. The Asia Pacific Flexibles business which is currently managed under the Australasia operations will form part of the new business unit, Flexibles — Asia Pacific.
Amcor Flexibles - Asia Pacific
Ralf Wunderlich will be the President Amcor Flexibles — Asia Pacific. Ralf was recruited from Linpac Packaging where he was Executive Director, President and Managing Director.
Ralf is also a Non Executive Director of the AptarGroup Inc., a supplier of a broad range of dispensing systems for the personal care, cosmetic, pharmaceutical, household and food and beverage markets.
Ralf has previously been President of the Alcan Packaging Global Tobacco business and prior to that President of Alcan Packaging - Asia & Pacific.
Amcor Tobacco Packaging
Peter Konieczny will be the President Amcor Tobacco Packaging. Peter was recruited from Silgan Holdings where he was CEO Silgan White Cap with global responsibility for the closures operations in Europe, the Americas and Asia. Prior to that role, Peter managed the Amcor White Cap closures business before its sale to Silgan Holdings.
The Amcor Rentsch Asia business currently reporting to Billy Chan as a part of the Amcor Asia organisation, and the Alcan Tobacco Asia business, will report to Peter Konieczny.
Amcor Sunclipse
Eric Bloom will continue to lead the Amcor Sunclipse business.
AMVIG
Billy Chan continues as Chairman AMVIG Holdings, a Hong Kong listed tobacco packaging company. Amcor holds 39% of AMVIG, which currently has 19% of the China tobacco packaging market.
“The most important task in bringing the two organisations together is creating a strong management team to lead the company," Ken Mackenzie says.
"We have undertaken a thorough process of evaluating the senior people from Amcor and Alcan as well as external candidates.
“The task now is to plan to populate the next level of management using the same objective and rigorous evaluation of candidates.”
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