Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, is to acquire Moda Systems, a New Zealand-based manufacturer of automated protein packaging machines.
The acquisition, which is subject to customary closing conditions and is expected to be completed in the June 2023 quarter, will complement Amcor’s existing strength in film, positioning the company to offer an end-to-end packaging solution that encompasses primary packaging, equipment, on-site technical service and parts.
Led by Founder and CEO Richard Newcombe, Moda Systems designs, assembles and supports innovative, high-performance modular vacuum packaging solutions for the meat, poultry and dairy industries. Its rotary vacuum system improves operational efficiencies for protein producers, enabling them to optimize labor, improve safety and reduce waste. The system is designed for ease of use in connecting, operating, maintaining and cleaning, and improves throughput and quality. Combined with Amcor’s portfolio of meat, poultry, seafood and cheese shrink packaging options, this new solution is expected to further enhance the value Amcor delivers to protein producers.
Zürich,Switzerland-based Amcor is a global leader in developing and producing responsible packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other products. The company works with companies around the world to protect their products and the people who use them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that is increasingly lighter weight, recyclable and reusable, and made using an increasing amount of recycled content.
In fiscal year 2022, 44,000 Amcor people generated $15 billion in annual sales from operations that span 220 locations in 43 countries.
FinSMEs
08/05/2023