Morningstar | Global Plastics Packaging Giant Created As Final Hurdle In Amcor-Bemis Tie-Up Is Cleared
The Amcor-Bemis tie-up creates a global plastic packaging giant. With all the final regulatory clearance now provided by the U.S. Department of Justice, the deal is set to complete in early June. early June. With 70% of Bemis’ USD 4 billion in annual sales generated in North America, the deal beefs up Amcor’s underweight position in the North American flexibles market. While estimated synergy realisation of USD 126 million adds AUD 1.14 per share of value for Amcor shareholders, shares currently screen as expensive.Amcor is a packaging company. Co. has the following reportable segments: Amcor Rigid Plastics, which manufactures rigid plastic containers for a range of primarily beverage and food products; Amcor Flexibles, which represents the aggregation of four operating segments of which each manufactures flexible and film packaging for their respective industries; as well as Other/Investments, which holds Co.'s equity accounted investments in the associate AMVIG Holdings Limited (AMVIG) and the joint venture Discma AG (Discma). AMVIG is mainly involved in the manufacture of tobacco packaging while Discma's operations primarily relate to the development and licensing of packaging product development.
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