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Amcor takes over Wayne Richardson Sales to boost distribution

Amcor announced that it acquired Wayne Richardson Sales, an independent distribution network in Australia with eight distribution centers generating sales of $50m through 2,700 customers.

The purchase multiple of the transaction, based on 2012 EBITDA, was about 6.5 times, while the acquisition is expected to deliver returns of more than 20% by the third year.

Wayne Richardson is involved in distribution of a wide range of industrial packaging and packaging consumables to small and medium size customers.

Amcor managing director and CEO Ken MacKenzie hoped the acquisition of Wayne Richardson Sales strengthens their market position in the packaging domain, in addition to provision of extended technical support and other services.