Amcor Acquires Tobepal

On May 17, 2002, Amcor Limited of Australia, the world’s fourth-largest packaging company, acquired Tobepal S.A., the flexible-packaging and polyethylene film extrusion operations of the Tobepal Group of Spain. While the acquisition price was not disclosed, Amcor announced that the purchase represents an earnings before interest, tax, depreciation and amortization multiple of 6.2 times the last 12 months’ earnings.
Amcor was represented by Davies Ward Phillips & Vineberg LLP’s acquisition team, comprised of Peter Mendell and Brian Salpeter, assisted by Marisol Miró and Rodrigo Contreras. Local counsel support was provided by Cuatrecasas in Madrid, with a team comprised of David López and Graciela Llaneza. Tobepal S.A. and its shareholders were represented by Javier Maceira, assisted by Gemma Moral of Landwell in Madrid, a correspondent law firm of PricewaterhouseCoopers.