Amcor and Berry Global Announce Important Milestone Toward Closing

Amcor plc and Berry Global Group, Inc. announced that an important milestone towards the completion of their previously announced all-stock transaction has been reached, with filing of the definitive joint proxy statement with the U.S. SEC. The Joint Proxy Statement includes notices of Amcor and Berry shareholder meetings that will both take place on Feb. 25, 2025.

This transaction brings together two highly complementary businesses to create a global leader in consumer and healthcare packaging solutions, positioned to accelerate growth across a broader and scaled flexible film, containers, closures and dispens-ing packaging portfolio.

The combined company will have significant opportunities to further refine the portfolio and leverage differentiated material science and innovation capabilities to revolutionize product development, and solve customers’ and consumers’ sustainability needs.

In addition, substantial value is expected to be created for both sets of shareholders through the delivery of $650 million in identified cost, growth and financial synergies and a stronger financial profile going forward, underpinned by accelerated volume and revenue growth, combined annual cash flow of more than $3 billion and a commitment to an investment grade balance sheet.

The transaction is unanimously recommended by the Boards of Directors of both companies.

The Joint Proxy Statement includes important information relevant to the transaction, including information about the shareholder meetings, how to vote and governance matters related to the combined company following completion of the transaction.