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Australian packaging giant Amcor buys US-based Encon for $55 million

( October 28, 2015, 02:38 GMT | Official Statement) -- MLex Summary: Australian multinational packaging company Amcor today said it plans to buy Encon’s preform manufacturing business for $55 million. Following the acquisition, the US-based company and its four manufacturing sites will become part of Amcor's Rigid Plastics business group. Encon generates revenues of about $110 million servicing both Amcor's existing customers and new customers within the beverage, food and household segments, the Australian company said in a statement.The statement follows:...

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