Amcor completes tobacco packaging acquisition in brazil

Amcor Tobacco Packaging has completed the acquisition of Souza Cruz’s internal tobacco packaging operations in Cachoeirinha, Rio Grande do Sul, Brazil. The investment is supported by a long-term supply contract between Amcor and Souza Cruz and the business is expected to achieve annual sales of approximately brl200 million ($56 million).

“This acquisition adds a third plant to our Latin American footprint, cementing our position as the only truly global packaging supplier for the tobacco industry,” said Jerzy Czubak, president of Amcor Tobacco Packaging.

“We are extremely happy to welcome our new team members, who bring with them great knowledge and experience from the industry”, Czubak said. “Together with our global innovation platforms and exceptional operational capabilities, we are excited by the opportunities our growing footprint presents our customers.”

A division of Amcor Ltd., Amcor Tobacco Packaging is a leading global supplier of folding cartons for the tobacco industry. The company has 23 manufacturing sites in 20 countries across the Americas, Europe, and Asia.

Souza Cruz is majority-owned by British American Tobacco and is the market leader in the Brazilian cigarette market.