Australian packaging company Amcor has received approval from the European Commission for the proposed $6.8bn merger with US-based flexible packaging major Bemis in an all-stock combination.

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

The commission has conducted an investigation into how the deal would affect competition for the supply of flexible packaging materials for medical use and food products in the European Economic Area (EEA). It determined that the deal would raise no competition concerns.

Approval is conditional following the divestment of Bemis’s European medical packaging business, which covers three plants in the UK and Ireland.

The three facilities are expected to generate around $170m annual revenues through the sale of flexible packaging for certain healthcare products.

According to Amcor, the approval preserves its European healthcare packaging business and expands its presence in high-value end markets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“The three facilities are expected to generate around $170m annual revenues through the sale of flexible packaging.”

Both companies are currently in advanced talks.

In a statement, Amcor said: “The process toward securing required antitrust clearances and other regulatory consents in all jurisdictions, which are conditional to closing, have either been completed or are progressing in line with expectations.”

The companies expect to close the deal in the second quarter of this year.

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.

Bemis provides rigid and flexible packaging solutions for food, consumer, medical, pharmaceutical and other industries.