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Amcor Rigid Plastics Acquires Specialty Container Business Plasticos from Colombia's Team Foods
May 05, 2017 (M&A Navigator via COMTEX) -- (C)2017 M2 COMMUNICATIONS

5 May 2017 - Michigan, US-based specialty container business Amcor Rigid Plastics USA, LLC, a subsidiary of Australia-based packaging solutions company Amcor Ltd, has acquired Colombia-based specialty container company Plasticos Team S.A.S. from Colombia-based food producer Team Foods Colombia S.A., the company said. This company said the acquisition broadens Amcor's technology in the region and strengthens its position as a global supplier of rigid plastic containers. The deal includes one stand-alone facility located in Guachene, Colombia. Team Foods Colombia S.A. has signed a long-term agreement with Amcor for the supply of rigid plastic containers. Plasticos Team is a producer and distributor of preforms, bottles, thin-wall container, and closures. Amcor Rigid Plastics has 69 facilities in 12 countries. The company operates three additional rigid packaging plants and one flexible packaging plant in Colombia serving customers in the beverage, food, home, and personal care segments. Amcor Ltd. is a responsible packaging solutions company that employs more than 29,000 people worldwide and operating in more than 40 countries throughout 180-plus sites. Amcor supplies rigid and flexible packaging solutions and innovation driven by art and science. Country: Colombia Sector: Paper/Packaging/Office Supplies Target: Plasticos Team S.A.S. Buyer: Amcor Rigid Plastics USA Vendor: Team Foods Colombia Deal size in USD: Type: Corporate Acquisition Financing: Status: Closed Buyer advisor: , , Comment: Terms of the deal were not disclosed

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