Five years after its transformational US$1.9 bln acquisition of Alcan's packaging assets, Amcor is eyeing potential acquisitions worth US$3 bln as the global packaging giant seeks further growth in both emerging and developed markets, as per smh.com.au. Chief executive Ken MacKenzie said the pipeline for potential acquisitions had grown from about $2 billion a year ago as the group identified new targets and as vendors took advantage of historically high asset valuations.
Earlier this month major rival Reynolds Group announced plans to explore the sale of three businesses worth US$10 bln, and Huhtamaki recently outlaid US$336 mln for privately held flexible packaging producer Positive Packaging, which has plants in India and the Middle East. Emerging markets were growing 10 times faster than developed markets and Amcor was keen to increase its market share, either through greenfield developments - such as a new tobacco packaging plant it plans to build in Indonesia - or through acquisitions. At the same time, Amcor will continue to invest in new product development and innovation to differentiate its offer from rivals, tap changing consumer trends and develop new income streams.
21-Aug-14 
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