Merger of Amcor and Bemis

Amcor, a global packaging company, has agreed to acquire Bemis. The deal gives Amcor new products to its Australian portfolio, notably the food packaging film for which Bemis is known, as well as direct access to the American market.

Through a statement, Ron Delia, executive chairman of Amcor, explained that the company has identified flexible packaging in the Americas as a key growth priority and this transaction offers a radical change in that region.

“It will also give Amcor the projection it needs to best capitalize on the diverse needs of consumers,” Delia said.

The announcement was made after the market closed in Australia, where Amcor is listed.

Source: Reuters.

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