Amcor to Acquire Berry Global for $8.43 Billion in All-Stock Deal

Amcor and Berry Global’s Merger

Amcor Plc, a Swiss-based packaging giant, has agreed to acquire U.S. packaging firm Berry Global for $8.43 billion in an all-stock transaction. This merger will create a leading force in the consumer and healthcare packaging markets, significantly expanding both companies’ global reach.

Under the terms of the deal, Berry Global shareholders will receive $73.59 per share, marking a 9.75% premium over Berry’s most recent closing price. Berry’s shares surged by 7% following the announcement.

Strategic Rationale and Market Trends

This move reflects the ongoing consolidation in the packaging industry, which has faced shifts in demand following the pandemic’s surge in e-commerce and consumer goods. Companies have reduced packaging inventories as demand stabilizes, prompting further mergers in the sector.

Amcor and Berry, both major producers of packaging solutions for a wide range of industries—including food, beverage, pharmaceuticals, medical, home, and personal care—will have an expanded global presence in more than 140 countries.

Financial Outlook and Leadership

The deal is expected to deliver substantial growth, with projected combined revenues of $24 billion and adjusted earnings of $4.3 billion, including synergies. Amcor’s CEO, Peter Konieczny, will continue to lead the combined entity, which will retain the name Amcor Plc and be listed primarily on the New York Stock Exchange.

The transaction is anticipated to close in mid-2025, marking a major step in the packaging industry’s evolution.