The Players are getting set

The new CEO is a dyed in the wool packaging man, I'm expecting some corporate moves this year.

Privately held Aperio Group is to be acquired by Amcor (ASX: AMC) for $238 million.
The acquisition is subject to Australian Competition & Consumer Commission (ACCC) and other regulatory approvals. Aperio is the major rival to Amcor in the manufacture and supply of flexible packaging in Australian and New Zealand.
Aperio Group was formed in May 2005 – with private equity firm Catalyst Investment Managers as the majority stakeholder – to acquire the Australasian packaging assets of AEP Industries.
The $77.5 million acquisition was made in partnership with Aperio managing director Peter Sutton an experienced packaging industry executive. Since then Aperio has acquired FPS International in December 2005 New Zealand business Epic Packaging in July 2006 and the Finewrap Group in July 2006. In 2007 Aperio opened a new manufacturing facility in Thailand to service Asian and Australasian customers.
Announcing the planned acquisition Amcor said Aperio was one of the Asia Pacific’s leading producers of flexible packaging products with 13 manufacturing facilities across Australia and New Zealand plus the modern facility in Thailand. Aperio generates annual revenues of about $350 million.
According to Amcor Aperio Group had 2011 financial year pro-forma earnings before interest tax depreciation and amortisation (EBITDA) of $40 million giving a purchase multiple of six times. Amcor estimates that inclusive of capital expenditure synergies the acquisition should deliver a return on investment of more than 20 per cent by the third year of ownership.