Amcor to acquire Hebei Qite Packing for RMB 185 million

Amcor agreed to acquire Hebei Qite Packing, a Chinese flexible packaging company, for RMB 185 million (about USD 28 million). The deal is expected to expand Amcor's flexible packaging business in Asia.

“Amcor, a packaging company based in Australia, has reached an agreement to acquire Hebei Qite Packing, a flexible packaging company based in China, for RMB185m ($28m).”packaging-gateway.com

• 2 sources
• packaging-gateway.comM&As this week: Amcor, Smurfit Kappa UK -Nov 10, 2016
• k-online.comAMCOR: Purchase of Chinese flexible packaging producer Hebei Qite for USD 28m / Acquisition of Sonoco's rigid plastics blow moulding slate wrapped upNov 11, 2016

Summarized from public sources; check the original articles before acting on it.