Amcor announces today, the sale of three flexible packaging plants in Australasia. These sites were acquired as part of the Aperio acquisition and focused on non-core industrial and agricultural markets.

The purchaser is Integrated Packaging, a privately-owned Australian business, and the transaction is subject to ACCC approval. The sale consideration is $22 million and was based on the same EBITDA multiple as Amcor paid for Aperio.

Synergies from the Aperio acquisition are not impacted by the sale and remain at $25 million by year three.