Amcor has signed a definitive agreement to acquire automated protein packaging machine manufacturer, Moda Systems.
New Zealand-based company Moda designs, assembles and supports innovative, high-performance modular vacuum packaging solutions for the meat, poultry and dairy industries.
The acquisition will support Amcor’s existing film portfolio and position it to offer an “end-to-end packaging solution” that encompasses primary packaging, equipment, on-site technical service and parts.
Amcor Flexibles North America (AFNA) president, Fred Stephan, said: “This acquisition will enable Amcor to offer an exciting new option and choice in automated protein packaging, making us the only flexible packaging manufacturer to own a high-speed, rotary equipment solution for fresh meat”.
He added: “Combined with our best-in-class film portfolio, we see great strategic value in adding Moda’s automation technology, and technical expertise and services, for a range of customisable format solutions beyond a standard shrink bag. This transaction will enable Amcor to further enhance our winning value proposition for our global protein processing customers.”
Moda’s rotary vacuum system improves operational efficiencies for protein producers, in turn, optimising labour, improving safety and reducing waste. The system is said to be designed for ease of use in connecting, operating, maintaining and cleaning, as well as improving throughput and quality.
Moda Systems founder and CEO Richard Newcombe said: “We’re delighted to join forces with Amcor, an industry leader that shares our commitment to innovation and customer service and support. Together, we will deliver innovative expertise at scale, with a mutual dedication to outperformance. Our complementary capabilities will accelerate Moda’s founding mission to offer the most advanced vacuum packaging solutions for our customers.”
The acquisition is subject to customary closing conditions and is expected to close in the June quarter. Financial terms of the acquisition were not disclosed.
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