P&M Corporate Finance (PMCF) is pleased to announce that it served as the exclusive financial advisor to Amcor Limited (ASX:AMC, Amcor), in its successful acquisition of Eco-Groupe Inc. (Eco-Groupe), of Dayton, OH. Eco-Groupe, who conducts a majority of its business through subsidiary Encon Inc., is an innovative preform manufacturing business with $110 million in revenue across four facilities.
The transaction is the result of increased focus on acquisitive growth in North America for Amcor’s Rigid Plastics business group. Amcor continues to aggressively pursue acquisitions in North America and its M&A team has already shifted focus to finding the next strategic transaction for Amcor’s Rigid Plastics business group.
Amcor CEO and Managing Director, Ron Delia said: “This acquisition provides an excellent opportunity to acquire a well capitalised business at an attractive price. Given the manufacturing overlap, the acquisition will deliver considerable operating synergies and generate strong returns for shareholders.”