David Savastano, Editor06.06.19
With the news that the US has given its OK to Amcor’s acquisition of Bemis Company, the merger will be official as of June 11, 2019. With that, the flexible packaging industry is about to see its largest consolidation to date.
Both companies are strong in flexible as well as rigid packaging. Headquartered in Neenah, WI, Bemis reported 2018 net sales of $4.1 billion and operating profit of roughly $470 million., and employs approximately 16,000 individuals worldwide. Amcor reported fiscal year 2018 sales of $9.3 billion, profit after taxes of $724 million and nearly 35,00 employees.The merger itself benefits Amcor in North America, where Bemis had $2.7 billion in revenue, as well as in Latin America, where Bemis had $628 million in sales; Amcor has not traditionally been strong in the Americas.
In March 2019, Berry Global announced plans to acquire RPC Group, which specializes inplastic and recycled products for packaging and snon-packaging markets. Berry Global
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