AMC News: Amcor (AMCR) Inks Deal to Buy India-Based Phoenix Flexibles - 16th Aug 2023, 2:10am

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Amcor plc AMCR announced that it inked a deal to acquire the India-based packaging company, Phoenix Flexibles. This deal will allow Amcor to broaden its product offering in attractive high-value segments by enabling local production of a broader range of more sustainable packaging solutions.

The deal is expected to close in the September-end quarter of 2023 , subject to customary closing procedures.

Currently, Amcor has four flexible packaging plants in India. Over the previous three years...

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