Amcor has completed the sale of its 50% interest in Bericap North America for US$122 million to reduce the company’s debt. Fiscal 2024 total sales for the entire joint venture were approximately US$190 million, and adjusted EBIT was approximately US$19 million. Both of these were previously fully consolidated under Amcor’s Rigid Packaging business, according to Amcor. Adjusted net income attributable to Amcor for fiscal 2024 was approximately US$8 million. Despite the resulting reduction in interest expense, Amcor says the transaction is not expected to impact the business’ financial outlook for fiscal 2025.
