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Amcor recently announced to take over Bemis for US$6.8 billion in an all-stock deal.
Amcor recently announced to take over Bemis for US$6.8 billion in an all-stock deal.

Australia-based packaging leader Amcor Limited recently announced to acquire US-based Bemis Company, Inc. for US$6.8 billion in an all-stock combination.

Amcor identified flexible packaging in the Americas as a key growth priority and this transaction delivered a step change in that region.

Combining these two complementary companies will create the global leader in consumer packaging, with the footprint, scale and capabilities to drive significant value for shareholders, offer customers and employees the most compelling value proposition in the packaging industry and deliver the most sustainable innovations for the environment.

After completion of the transaction, Amcor will have a stronger and more differentiated value proposition for global, regional and local customers through comprehensive global footprint with more balanced, profitable exposure to around 30 emerging markets, with sales of some US$3.5 billion.

The company is expected to have increased economies of scale and resources through Amcor’s leading positions in Europe, Asia and Latin America, and Bemis’ leading positions in North America and Brazil.

In addition, Amcor will have an enhanced growth profile from greater global participation in protein and healthcare packaging, leveraging innovative technologies in barrier films and foils, as well as greater differentiation to innovate and meet customer demands for new and sustainable products through the deployment of commercial, operational and R&D capabilities.

Ron Delia, Amcor's CEO, pointed out that Amcor will unlock value from the opportunities via the transaction as “there are an increasing number of opportunities arising for a leading packaging company to capitalize on shifting consumer needs, an evolving customer landscape and the need to provide responsible packaging solutions that protect the environment”.

The transaction will also enhance capabilities behind Amcor’s pledge to develop all recyclable or reusable packaging products by 2025.

“The combination will enable us to offer global, regional and local customers the most compelling value proposition in the industry through a broader product portfolio, increased product differentiation and enhanced operating capabilities, while leveraging Bemis’ extensive U.S. manufacturing base and strengths in material science and innovation,” noted William F. Austen, Bemis’ President and CEO.

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