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Home > News > Corporate News

Amcor closes Berry Global merger, expecting revenue of US$24 billion

Source：Adsale Plastics Network Date ：2025-05-07 Editor ：VC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

Zurich-based Amcor plc has announced the successful completion of its all-stock combination with Indiana-based Berry Global.

 

Through this combination of the two packaging giants, with US$650 million of identified synergies, Amcor enhances its position as a global leader in consumer and healthcare packaging solutions.

 

“This combination delivers on our strategy to become a stronger company with a broader, more complete offering for customers and enhanced positions in attractive categories,” commented Amcor CEO Peter Konieczny.

 

In fiscal 2026, before taking into account growth in the underlying business, Amcor expects delivery of US$260 million of pre-tax synergies alone to drive adjusted EPS accretion of approximately 12 percent, according to the press release.

 

By the end of fiscal 2028, the company expects total pre-tax synergy benefits to build to approximately US$650 million and to have delivered an additional US$280 million one-time cash benefits from working capital improvements. Including full run rate synergies, annual cash flow is expected to exceed US$3 billion by fiscal 2028.


AMCOR_LOGO_480.jpg

Amcor completes combination with Berry Global, positioned to significantly enhance value for customers and shareholders.

 

At the combined company, the annual revenue is expected to reach US$24 billion. The flexibles segment will account for about 60% of combined revenues, and caps and closures will make up the remainder. With about 70,000 employees, it optimizes footprint servicing customers in 140+ countries.

 

Amcor’s sales for the quarter ended March 31 was US$3.33 billion, with sales in flexibles increased. Despite weak consumer demand, the company maintained stable sales by increasing its market share, with adjusted EBITDA reaching US$384 million and a profit margin of 11.5%. Berry’s net sales for the quarter totaled US$2.52 billion, which represented 2% organic growth.

 

Fred Stephan, who served as President of Flexibles North America at Amcor, will serve as Chief Operating Officer for Global Flexibles. Meanwhile, Jean-Marc Galvez, who served as Berry’s President of the Consumer Packaging International Division, has been appointed Chief Operating Officer, Global Rigids.

 

As the largest transaction in Amcor’s history, the combination was previously valued at US$8.4 billion and first announced last November.


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Source：Adsale Plastics Network Date ：2025-05-07 Editor ：VC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

Zurich-based Amcor plc has announced the successful completion of its all-stock combination with Indiana-based Berry Global.

 

Through this combination of the two packaging giants, with US$650 million of identified synergies, Amcor enhances its position as a global leader in consumer and healthcare packaging solutions.

 

“This combination delivers on our strategy to become a stronger company with a broader, more complete offering for customers and enhanced positions in attractive categories,” commented Amcor CEO Peter Konieczny.

 

In fiscal 2026, before taking into account growth in the underlying business, Amcor expects delivery of US$260 million of pre-tax synergies alone to drive adjusted EPS accretion of approximately 12 percent, according to the press release.

 

By the end of fiscal 2028, the company expects total pre-tax synergy benefits to build to approximately US$650 million and to have delivered an additional US$280 million one-time cash benefits from working capital improvements. Including full run rate synergies, annual cash flow is expected to exceed US$3 billion by fiscal 2028.


AMCOR_LOGO_480.jpg

Amcor completes combination with Berry Global, positioned to significantly enhance value for customers and shareholders.

 

At the combined company, the annual revenue is expected to reach US$24 billion. The flexibles segment will account for about 60% of combined revenues, and caps and closures will make up the remainder. With about 70,000 employees, it optimizes footprint servicing customers in 140+ countries.

 

Amcor’s sales for the quarter ended March 31 was US$3.33 billion, with sales in flexibles increased. Despite weak consumer demand, the company maintained stable sales by increasing its market share, with adjusted EBITDA reaching US$384 million and a profit margin of 11.5%. Berry’s net sales for the quarter totaled US$2.52 billion, which represented 2% organic growth.

 

Fred Stephan, who served as President of Flexibles North America at Amcor, will serve as Chief Operating Officer for Global Flexibles. Meanwhile, Jean-Marc Galvez, who served as Berry’s President of the Consumer Packaging International Division, has been appointed Chief Operating Officer, Global Rigids.

 

As the largest transaction in Amcor’s history, the combination was previously valued at US$8.4 billion and first announced last November.


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Amcor closes Berry Global merger, expecting revenue of US$24 billion

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