Amcor, a global multi-substrate rigid and flexible packaging manufacturer, closed its all-stock acquisition of Indiana-based Berry Global on Wednesday. Amcor reiterated expectations for $650 million in savings by the end of fiscal year 2028 — including $260 million in FY2026 — for the consumer and healthcare packaging giant. The Zurich-based company’s reach now spans approximately 140 countries, with some 70,000 employees. Amcor projects annual cash flow of more than $3 billion by FY2028, “providing significant capacity for Amcor to fund organic reinvestment, value accretive M&A and shareholder returns,” the company announced.
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Source: https://www.packagingdive.com/news/amcor-closes-berry-global-acquisition/746755/