Amcor acquires Richardson Capital-backed Plastic Moulders

Amcor Ltd has acquired Plastic Moulders Ltd, a Canadian manufacturer of precision injection moulded plastic products for customers in North America. The purchase price was $38 million (US$30 million). Amcor, an Australian packaging business, said the acquisition will generate synergies in terms of procurement, manufacturing costs and overhead, and broaden its product offering. Founded in 1966, Toronto-based Plastic Moulders has been a portfolio investment of Canadian private equity firm Richardson Capital since 2004, according to Thomson Reuters.

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