In order to capitalize on the growing market in India, Amcor, headquartered in Melbourne, Australia, has acquired Packaging India Private Limited a unit of Essel Propack a specialty packaging company which serves multinational and local customers and generates annual sales of approximately $40 million. The deal was closed for $26.4 million.

Packaging India has three plants and it produces flexible packaging products predominately for the food and personal care markets. (India was one of the best performing emerging markets for beauty and personal care in 2014.)

Amcor currently has four flexible packaging plants in India, and with this acquisition, Amcor increases the local talent pool and adds to the existing blown film and cylinder making capabilities, reports GCI magazine.