# 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.

- Type: Acquisition
- Announced: 2016-11-01
- Where: Luquan, Hebei, China
- Value: $28.0M (185.0M CNY)
- Status: announced
- Products: flexible packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Amcor](https://endata.com/companies/267.md) (acquirer)
- [Hebei Qite Packing](https://endata.com/companies/312.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/mas-this-week-amcor-smurfit-kappa-uk-5665995/), 2016-11-10: "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)."
- [k-online.com](https://www.k-online.com/en/Media_News/News/AMCOR_Purchase_of_Chinese_flexible_packaging_producer_Hebei_Qite_for_USD_28m_Acquisition_of_Sonoco_s_rigid_plastics_blow_moulding_slate_wrapped_up), 2016-11-11: "The USD 28m deal still remains subject to regulatory approval."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.