Amcor’s whopper $76b tie-up shows it’s ready to rule the world
One of the biggest deals of the years was packaged up in sustainability, but it is the numbers that caught our eye. Imagine $US650 million in synergies.
Australian packaging maker Amcor capped its rise to the global ranks by moving out of home six years ago. Now, it is getting married.
Australia’s Amcor – technically now Switzerland and the New York Stock Exchange’s Amcor – will buy fellow US-listed packaging business Berry Group, in one of the top 10 acquisitions we’ve ever seen by an Australian-listed company.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
