Amcor, the global food and beverage packaging provider, has reached an agreement to purchase Flexoprint and Packaging, a private company based in Auckland, owned by Kevin Fraei and Rex de Vantier.
Flexoprint produces a range of printed and laminated flexible packaging products for the fast-moving consumer goods (FMCG) market in New Zealand.
Amcor says it intends to run Flexoprint as a stand-alone business, continuing to supply its existing customers as well as Amcor's New Zealand customers currently supplied from Australia.
Peter Sutton, group general manager plastic packaging and food can, Amcor Australasia, said: "Flexoprint is a recognised leader in the supply of flexible packaging in New Zealand, operating at the high quality end of the market. The acquisition offers great potential for Flexoprint to strengthen its position by leveraging off the innovative packaging technologies available from Amcor's global flexibles business."
"We expect Flexoprint to maintain its top-class customer service and responsiveness by offering a new and improved range of flexible packaging products to our New Zealand customers," Sutton said.
Flexoprint's customers include Griffins, Tip Top Ice Cream, Goodman Fielder, Nestlé, Rivermill Bakeries, RJ's Licorice, VIP Petfood and Real Foods.
The Flexoprint acquisition expands Amcor's existing flexibles packaging production capability in New Zealand to include flexographic printing and solventless lamination.
Amcor is the largest packaging company in Australasia. In New Zealand, the company operates 11 manufacturing facilities producing a diversified range of products including beverage cans, corrugated boxes, cartons, food cans, closures and PET.