Amcor Limited
(ASX:AMC) says it has agreed to buy the North Amercian operation of Sonoco Products for US$280 million.
The acquisition will deliver six production sites in the US and one in Canada and should add revenue of around US$210 million along with strong, long standing relationships with leading multinational customers.
Amcor says it expects around US$50 million profit to kick in by the end of 2020.
The deal is still subject to US regulatory approval.
Amcor reported a net profit of $368 million for the 2016 financial year.
