Amcor Limited
(ASX:AMC) has bought a publicly listed specialty packaging company in India for $US26.4 million.
The Aussie packaging giant will purchase Packaging India Private from Essel Propack to expand its footprint in Southern India.
The Indian asset has three plants in the North and South of India and produces flexible packaging products mainly for the food and personal care markets.
Managing Director Ron Delia says India is an attractive market driven by strong economic growth, favourable demographics and rapidly changing retail formats.
Amcor reported a net profit of $408.8 million in the first half of the 2015 financial year.
