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Amcor

06.12.2017 0

Bemis hires Goldman Sachs to explore sale options

According to media reports Bemis hired Goldman Sachs to explore sale options. It is said that  DS Smith is working with Citigroup and is interested in pursuing the $4.2 billion market cap Bemis. Furthermore there  were reports that based Amcor was working on an offer for Bemis as it looks to expand it US operations.

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18.10.2017 0

Amcor Flexibles Americas Raises Price

Amcor Flexibles Americas has recently confirmed that they will be raising their prices for products in North and South America. This is due to the spikes in raw material costs as a result of recent natural disasters. 

The price will increase by a range of 5-10% in South America. 

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20.09.2017 0

Amcor shuts down plant

The Australian packaging giant plans to close their flexible packaging plant in Moreuil. The closure is said to affect approximately 130 employees.  

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13.09.2017 0

Amcor plans takeover of Bemis

The Australian packaging products giant is exploring the possibility of acquiring Bemis Co. Inc. of Neenah. This was reported by Bloomberg, stating that it is an estimated $4.3 billion deal. The acquisition would make Amcor the fourth largest packaging company in the world.

Analysts from Robert W. Baird & Co. Inc. also stated that the takeover would complement Amcor’s flexible packaging business.  

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23.08.2017 0

Amcor Reports Strong Growth for 2017

Amcor, Australian packaging converting giant, announced that their PBIT and EPS grew 9% and 10% respectively with a sales growth of 4% for the entire year. Their Flexibles Plastics
segments had strong earnings, as well as other developed markets, which surpassed the overall market growth. In the emerging markets, they were also able to deliver an increase in the earnings despite difficult conditions in some parts of the world.

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