View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
June 12, 2019updated 25 Oct 2021 11:09am

Amcor closes $6.8bn merger with Bemis

Australian company Amcor closed the proposed $6.8bn merger with US-based flexible packaging major Bemis in an all-stock combination.

Australian company Amcor closed the proposed $6.8bn merger with US-based flexible packaging major Bemis in an all-stock combination.

Free Report
img

Understand M&A activity across regions & sectors

Irrespective of market conditions, Mergers and Acquisitions continue to be on the table for global corporations. This was strongly evident when M&A volumes were relatively resilient to the disruption brought on by COVID-19, with only a slight decline in 2020 followed by a strong rebound in 2021. GlobalData's review provides you with insights on M&A trends, highlighting how deal activity shifts across key regions and industries. The deal types covered in our report include:
  • Mergers
  • Acquisitions
  • Asset transactions
  • Private equity buyouts
  • Mergers
  • Acquisitions
  • Asset transactions
  • Private equity buyouts
  • Mergers
  • Acquisitions
  • Asset transactions
  • Private equity buyouts
by GlobalData
Enter your details here to receive your free Report.

The combined entity will now operate as Amcor Plc.

Amcor CEO Ron Delia said: “The acquisition of Bemis brings additional scale, capabilities and footprint that will strengthen Amcor’s industry-leading value proposition and generate significant value for shareholders.

“As the global leader in consumer packaging, Amcor is uniquely positioned to capitalise on shifting consumer preferences, an evolving customer and retail landscape, and the increasing need to develop packaging that best protects the product as well as the environment.

“We are delighted to welcome our new employees, customers and shareholders. This is the first day of an exciting and even stronger future for Amcor and all of our stakeholders.”

The company signed the deal in August 2018 following approval from the boards of directors of both companies to acquire Bemis.

The European Commission approved the transaction in March.

In addition, the Australian packaging company filed shareholder documentation and finalised board of director and senior leadership appointments related to the merger during the same month.

In April, Amcor received antitrust clearance from the Brazilian Administrative Council for Economic Defense (CADE) with no remedial action for the merger.

The firm received antitrust clearance from the US Department of Justice (DoJ) towards the end of May.

Amcor offers a broad range of rigid and flexible packaging products for customers in food, beverage, medical, pharmaceutical, personal care and other consumer goods sectors. It has operations at approximately 245 locations in more than 40 countries.

Related Companies

Free Report
img

Understand M&A activity across regions & sectors

Irrespective of market conditions, Mergers and Acquisitions continue to be on the table for global corporations. This was strongly evident when M&A volumes were relatively resilient to the disruption brought on by COVID-19, with only a slight decline in 2020 followed by a strong rebound in 2021. GlobalData's review provides you with insights on M&A trends, highlighting how deal activity shifts across key regions and industries. The deal types covered in our report include:
  • Mergers
  • Acquisitions
  • Asset transactions
  • Private equity buyouts
  • Mergers
  • Acquisitions
  • Asset transactions
  • Private equity buyouts
  • Mergers
  • Acquisitions
  • Asset transactions
  • Private equity buyouts
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Packaging Gateway