MOSCOW (MRC) -- Amcor’s Flexibles unit is to split its European and US business, in a move aimed at tightening the branches’ strategic focus, as per Packagingnews.
Together the unit, responsible for pharmaceuticals, hospital supplies and food and drink pouches, generated combined sales worth over USD3bn in 2014.
Separation of the two arms will become effective from 1 July with each business reporting directly to Amcor managing director and chief executive Ron Delia.
"This is an exciting development for Amcor’s Flexibles business. The new geographic based structure will allow our Flexibles business groups to focus on the priorities in each region and to accelerate profitable growth," Delia said.
Current Amcor Tobacco Packaging president Peter Konieczny will head Amcor Flexibles in Europe, the Middle East and Africa, while current Flexibles vice president Tom Cochran will become president of Flexibles in America.
As MRC informed earlier, Amcor Ltd. has entered into an agreement to buy an Indonesian flexible packaging business, Jakarta-based Bella Prima Packaging Ltd., for USD25.2 million.
Amcor Limited is an Australian-based multinational packaging company. It operates manufacturing plants in 42 countries. It is the world's largest manufacturer of plastic bottles.
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