Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Amcor to Acquire Berry Global in $8.4B Deal - Beauty Packaging

What are you searching for?

Sign in
Beauty Buzz

Amcor to Acquire Berry Global in $8.4B Deal

The goal is to build a global plastics and healthcare packaging giant that will have 'greater reach than any other packaging company in the world.'

Author Image

By: Jamie Matusow

Editor-in-Chief

In Amcor’s announcement that it will purchase Berry Global, they state that the intention is to build a global plastics and healthcare packaging giant that will have “greater reach than any other packaging company in the world,” dominant in consumer and healthcare packaging. A mid-2025 closure is expected.

Amcor plans to acquire Berry Global in an all-stock deal, in a transaction that’s worth an estimated $8.4 billion, based on a price of $73.59 per share for Berry’s stock. The deal will result in Amcor shareholders owning approximately 63% of the company and Berry shareholders owning 37%. Amcor’s CEO Peter Konieczny will lead the combined company. Their combined annual revenues are $24 billion.

While Amcor’s global headquarters will remain in Zurich, the combined company will also have a large presence in Berry’s hometown of Evansville, Indiana.

Together, the company is expected to become the largest global buyer of resin.

In announcing the deal, Amcor said their focus will be on healthcare, protein, pet food, liquids, beauty and personal care, and food service.

Add us as a preferred source on Google

Get the latest Beauty Packaging news, insights and analysis in your Google Search and AI experiences.

Add Beauty Packaging as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Beauty Packaging Newsletters

Topics