7 NEWS PETplanet Insider Vol. 25 No. 12/24 Amcor and Berry to combine in all-stock transaction Amcor Plc has announced an USD 8.43 billion all-stock acquisition of Berry Global, creating a global leader in consumer and healthcare packaging with combined revenues of USD 24 billion. Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares per Berry share, giving them a 37% stake in the merged entity. The boards of both companies have unanimously approved the deal, which values Berry’s stock at USD 73.59 per share, a 9.75% premium over its prior close. The merger combines complementary strengths in flexible films, containers, closures, and healthcare packaging. The combined company will invest USD 180 mi l l ion annual ly in R&D, leveraging 1,500 professionals and 10 global innovation centres. This will enhance offerings in high-growth markets, with an expanded focus on sustainable solutions such as recycled materials and lightweight designs. Amcor CEO Peter Konieczny emphasised the strategic benefits, including stronger customer focus, enhanced sustainability efforts, and improved cash flow and earnings growth. Berry CEO Kevin Kwilinski highlighted the merger’s alignment with Berry’s transformation goals, a complementary geographic coverage and shared commitment to innovation and sustainability. The merger is expected to yield USD 650 million in cost and growth synergies within three years. Financially, the combined entity targets USD 3 billion in annual cash flow and a strong balance sheet, with plans for sustained dividend growth and further portfolio optimisation. Subject to regulatory and shareholder approvals, the transaction is expected to close by mid-2025. The merged company will retain Amcor’s name, headquarters in Zurich, and primary NYSE listing while maintaining a significant presence in Evansville, Indiana, USA. Leadership will include Peter Konieczny as CEO; Graeme Liebelt will serve as Chairman and Stephen Sterrett will serve as Deputy Chairman of the combined company. www.amcor.com www.reuters.com CREATING FUTURE STANDARDS Japan’s leading Aseptic PET Filling System Provider. Our website Our solution high quality reliable technology safe & secure Repi’s UV absorbers receive RecyClass recyclability approval Repi’s UV absorber formulations ‘Remap 00395’ and ‘Remap 00561’ received a RecyClass rRecyclability approval. Independent test ing was carried out by the Institut für Kunststofftechnologie und -recycling e. V. (IKTR), following the RecyClass Recyclability Evaluation Protocol for PET bottles. The results showed no adverse effects on the recycling process, confirming its compatibility with state-of-the-art PET recycling processes in Europe. Specifically, the approval is valid as long as the amount of additive used does not exceed 0.15 wt % of the total weight of the packaging. www.repi.com
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