# Tekni-Plex to acquire three Amcor plants for $220M

Tekni-Plex Inc. entered a definitive agreement to acquire three manufacturing facilities in Milwaukee, Ashland and Madison from Amcor Limited for approximately $220 million. The deal resolves antitrust concerns related to Amcor's merger with Bemis.

- Type: Acquisition
- Announced: 2019-04-22
- Where: Milwaukee, Wisconsin; Ashland, Wisconsin; Madison, Wisconsin, United States
- Value: $220.0M
- Jobs: 150
- Status: announced
- Products: packaging materials
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Amcor](https://endata.com/companies/267.md) (target)
- [Tekni-Plex](https://endata.com/companies/3983.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/AMCOR-PLC-64752234/news/Tekni-Plex-Inc-entered-into-a-binding-agreement-to-acquire-Plant-in-Milwaukee-Plant-in-Ashland-an-34340920/), 2019-04-21: "Tekni-Plex Inc. entered into a definitive agreement to acquire three manufacturing facilities from Amcor Limited for approximately $220 million on April 22, 2019."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/tekni-plex-buy-amcor-facilities/), 2019-04-22: "Packaging materials manufacturer Tekni-Plex has entered a definitive purchase agreement to buy three production facilities from Australian packaging company Amcor’s Flexible Packaging business unit for a cash consideration of $215m."
- [plasticsandrubberasia.cn](https://www.plasticsandrubberasia.cn/en/news/m-ineos-selling-melamine-and-paraform-businesses/), 2019-04-29: "The acquisition expands our complex packaging solution portfolio for medical device manufacturers, many of whom are our customers today."

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