Tuesday, May 20, 2025
FlexiblesAmcor completes merger with Berry Global

Amcor completes merger with Berry Global

-

Amcor completes merger with Berry Global

-

Amcor has completed its all-stock combination with Berry Global, enhancing its position as a global leader in consumer and healthcare packaging solutions with the unique material science and innovation capabilities required to revolutionize product development and meet customers’ and consumers’ sustainability aspirations. With multiple new growth opportunities and USD 650 million of identified synergies, Amcor is well placed to deliver significant near- and long-term value for customers and shareholders.

Amcor CEO Peter Konieczny said, “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. Our focus now turns to delivering on synergies and growth opportunities, including leveraging our extensive global footprint and enhanced innovation and R&D capabilities, while also further refining our portfolio. The outstanding work our teams have completed over the past several months enables Amcor to enter fiscal 2026 in a better position than we anticipated, with a synergy run rate that will start strong and build quickly through the year. We are now uniquely positioned to deliver more consistent growth, further improve margins, and drive compelling near- and long-term value for shareholders.”

In fiscal 2026, before taking into account growth in the underlying business, Amcor expects delivery of USD 260 million of pre-tax synergies alone to drive adjusted EPS accretion of approximately 12 percent. By the end of fiscal 2028, the company expects total pre-tax synergy benefits to build to approximately USD 650 million and to have delivered an additional USD 280 million in one-time cash benefits from working capital improvements. Including full run rate synergies, annual cash flow is expected to exceed USD 3 billion by fiscal 2028, providing significant capacity for Amcor to fund organic reinvestment, value accretive M&A and shareholder returns through a compelling and growing dividend and share repurchases, taking long-term shareholder value creation to a new and higher level.

Amcor CEO Peter Konieczny concluded, “As a clear leader in consumer and healthcare packaging with a broad global footprint, Amcor is now better positioned to meet customer and consumer needs as markets continue to evolve. We are thrilled to welcome our new employees, customers and shareholders. This is day one of an exciting and incredibly strong future for Amcor and all our stakeholders.”

NewsDesk
NewsDesk
The editorial team of The Packman who handle all the press releases with Sunil Jain working as the desk editor.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

XSYS wins FTA’s Sustainability Excellence Award 2025

XSYS, global supplier of flexo prepress solutions, has won the FTA’s Sustainability Excellence Award 2025 for the new nyloflex...

Valmet to deliver IQ quality control system to Xinxiang Hongxiang Paper

Valmet has received an order for a Valmet IQ Quality Control System (QCS) from Xinxiang Hongxiang Paper in China....

DIC India celebrates Innovation Day

DIC India recently celebrated Innovation Day, marking the occasion with a visit by Adnan Ahmad, independent director of DIC...

India’s packaging sector races ahead with sustainable, high-performance solutions

India’s flexible packaging market is experiencing rapid growth, driven by a combination of shifting consumer trends and technological advancements....
- Advertisement -spot_img

10th Injection, Blow Moulding, PET & Recycling Summit set for grand return in Mumbai

ElitePlus++ Business Services will host the 10th edition of the Injection, Blow Moulding, PET & Recycling International Business Summit...

Syntegon reports strong FY24 results

The Syntegon Group, a leading strategic partner to the global pharmaceutical, biotech and food industries, reported results for fiscal...

Must read

Huhtamaki to expand to flexible packaging manufacturing in South Africa

Huhtamaki has entered into an agreement to acquire the...

Mark Andy boosts presence in Asia

Mark Andy has established a new direct sales office...

You might also likeRELATED
Recommended to you