Amcor nabs Souza Cruz’s packaging arm

Amcor nabs Souza Cruz’s packaging arm

Brazil M&A Australia

Amcor Tobacco Packaging has acquired Brazilian cigarette company Souza Cruz’s printing and packaging facilities in a deal worth about BRL296m ($79m), LatinFinance understands. The company has paid BRL96m in cash to Souza Cruz, while the pair has entered into a long-term supply contract worth a further BRL200m, a source at Souza Cruz said. Amcor will take over Souza Cruz’s internal packaging and printing operations located in Cachoeirinha in Rio Grande do Sul, southern Brazil. Souza Cruz’s par

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial