Amcor completes Tobacco Packaging acquisition in Brazil
Amcor Tobacco Packaging announced that it has completed the acquisition of Souza Cruz’s internal tobacco packaging operations located in Cachoeirinha, Rio Grande do Sul, Brazil. Souza Cruz is majority-owned by British American Tobacco plc and is the market leader in the Brazilian cigarette market. The investment is supported by a long-term supply contract between Amcor and Souza Cruz and the business is expected to achieve annual sales of approximately BRL 200 million (US$ 56 million).
“This acquisition adds a third plant to our Latin American footprint, cementing our position as the only truly global packaging supplier for the tobacco industry,” said Jerzy Czubak, President Amcor Tobacco Packaging.
“We are extremely happy to welcome our new team members, who bring with them great knowledge and experience from the industry”, Mr Czubak said.
“Together with our global innovation platforms and exceptional operational capabilities, we are excited by the opportunities our growing footprint presents our customers”.
Source: www.amcor.com