Amcor and Berry Global Group have announced they have entered into a definitive agreement to merge in an all-stock transaction. This strategic combination will unite two leaders in the packaging industry, creating a single entity with a comprehensive portfolio of sustainable solutions to meet the demands of consumers and businesses worldwide.
Berry shareholders will receive 7.25 Amcor shares for each Berry share held, resulting in a shareholding distribution of 63% for Amcor shareholders and 37% for Berry shareholders. The transaction, unanimously approved by the boards of directors of both companies, values Berry at 73.59 USD per share and represents a pivotal step forward for sustainable packaging.
The newly combined company will be a driving force for packaging innovation, offering solutions spanning flexible films, containers, closures, and advanced healthcare applications. The merger will enhance the use of recycled materials and sustainable alternatives, addressing the increasing demand for circular packaging solutions.
A New Era for Sustainable Packaging
The union between Amcor and Berry sets the stage for transforming the packaging sector through solutions that not only reduce environmental impact but also accelerate the shift towards a circular economy. By combining their expertise, the companies will enhance their offering of recycled and recyclable products, including innovative high-barrier paper formats, next-generation lightweighting technologies, and packaging designed for reuse and recycling.
Creating Value for the Future
The merger will not only consolidate the leadership of the two companies but also establish a unique innovation platform with annual investments in research and development amounting to 180 million USD, supported by 1,500 professionals and 10 global innovation centres.
An Unprecedented Sustainable Offering
The combined company will deliver:
- Flexible and rigid solutions with increased use of recycled materials.
- Lightweighting technologies to reduce material consumption.
- Innovative paper-based formats and alternative materials to minimise environmental impact.
- A global network to cater to the needs of diverse and complementary markets.
This merger marks a milestone in the journey towards more sustainable and innovative packaging, creating opportunities to accelerate the transition to a more circular future.
