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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Amcor PLC | ASX:AMC | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.24 | 1.60% | 15.21 | 15.15 | 15.23 | 15.25 | 15.16 | 15.16 | 982,503 | 07:50:00 |
From Jan 2020 to Jan 2025
By Robb M. Stewart
MELBOURNE, Australia--Australian packaging company Amcor Ltd. (AMC.AU) has struck a deal to bolster its specialty containers operations with the US$280 million acquisition of a North American business serving personal care and food markets.
Amcor said Friday it had agreed to buy the rigid plastics blow-molding operations of Sonoco Products Co. (SON), which has six production sites in the U.S. and one in Canada.
The operations generate annual sales of about US$210 million, and the acquisition price represents a multiple of 8 times earnings before interest, tax, depreciation and amortization for the last 12 months, Melbourne-based Amcor said.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
September 01, 2016 18:47 ET (22:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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