Amcor Flexibles sells Camvac

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October 6, 2008 -

Gil Investments, Stratford, UK, purchases barrier film specialist AF Camvac, Thetford, UK, from Amcor Flexibles, Brussels, Belgium. AF Camvac sells coated, metallized, laminated films mainly to converters, generates annual revenue of £20 (US$35.4) million, employs 114, continues under current management. Gil’s other packaging holdings include Total Polyfilm, Brighouse, UK. Deal represents part of realignment intended to boost profits before income taxes by €30 (US$41) million/year, leaves Amcor Flexibles with more focused product portfolio. Terms remain undisclosed.



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