Amcor says it intends to buy New Zealand-based Moda Systems, a manufacturer of automated protein packaging machines.
Privately held Moda designs, assembles, and supports high-performance modular vacuum packaging solutions for the meat, poultry, and dairy industries.
The deal, subject to customary closing conditions, is expected to be completed in the June 2023 quarter.
Amcor said in a news release that the acquisition will complement its existing strength in film, positioning the company to offer an end-to-end packaging solution that encompasses primary packaging, equipment, on-site technical service, and parts.
“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,” said Fred Stephan, president of Amcor Flexibles North America, in a release.
Moda’s rotary vacuum system improves operational efficiencies for protein producers, enabling them to optimize labor, improve safety, and reduce waste, Amcor says. The system is designed for ease of use in connecting, operating, maintaining, and cleaning.
Combined with Amcor’s portfolio of meat, poultry, seafood, and cheese shrink packaging options, this new solution is expected to further enhance the value Amcor delivers to protein producers, the company adds.
In fiscal year 2022, Amcor generated $15 billion in annual sales from operations that span 220 locations in 43 countries. The company, based in Switzerland, has 44,000 workers worldwide.