08 Aug 2018 --- Earlier this week Amcor and Bemis revealed a US$6.8 billion merger in one of the biggest packaging business stories of the year. Subject to the timing of shareholder meetings and regulatory approval, the transaction will be closed in the first quarter of the calendar year 2019. As a result, Amcor and Bemis shareholders will each own 71 percent and 29 percent of the combined company respectively. Amcor CEO Ron Delia and Bemis CEO Bill Austen described the merger as an “offensive” strategy to combine and expand the global footprint, particularly in the flexible and rigid plastics packaging markets within the Americas.
