Amcor Completes Transformational $13bn Merger with Berry

Deal News | May 01, 2025 | EIN

Amcor has successfully completed its $13 billion merger with Berry Global, creating a major global entity in the consumer and healthcare packaging market. The merger, finalized ahead of schedule, results in a combined company with 400 packaging plants and 75,000 employees operating in 140 countries. This strategic acquisition aims to foster organic growth and enhance innovation and material science capabilities in addressing consumer demands. Despite completing the merger, Amcor has downgraded its annual expectations after reporting weaker than anticipated third-quarter financial results, primarily due to reduced U.S. demand and a slowdown in high-value healthcare categories. Amcor projects a cash flow of over $3 billion by 2028 to support its reinvestment initiatives and potential future acquisitions. Despite weaker third-quarter earnings impacting its stock price, Amcor is optimistic about its growth prospects, highlighting increased volumes and effective cost management.

Sectors

Packaging
Consumer Goods

Geography

Global – The merger results in a company with operations in 140 countries, underlining the global reach and significance of this deal.
United States – Despite the global operation, significant financial impacts were noted from the U.S. market performance, affecting Amcor’s short-term results.

Industry

Packaging – The merger between Amcor and Berry positions them as leaders in the packaging industry, focusing on consumer and healthcare solutions.
Consumer Goods – The companies involved specialize in providing packaging solutions catered to consumer goods, enhancing their position within this sector.

Financials

13 billion USD – The completed merger deal value between Amcor and Berry Global.
3 billion USD – Projected cash flow by Amcor by the year 2028 to fund reinvestment and acquisitions.
728 million USD – Amcor's income over the nine-month period.
9.93 billion USD – Amcor's sales over the nine-month period.
3.3 billion USD – Amcor's sales in the third quarter.

Participants

Name	Role	Type	Description
Amcor	Bidding Company	Company	Amcor is a leading global packaging company, involved in the merger with Berry Global to enhance its position and capabilities in the market.
Berry Global	Target Company	Company	Berry Global is a significant player in the packaging industry and was the target of Amcor’s acquisition to create a market-leading entity.