Amcor plc announces it has entered into a binding agreement with Kohlberg & Company,for the sale of three former Bemis plants located in the United Kingdom and Ireland for cash consideration of USD 394million(€347 million).
Collectively these three plants generate annual sales of approximately USD 170 million from the sale of flexible packaging for certain healthcare products. This divestment was required by the European Commission at the time of approving Amcor’s acquisition of Bemison 11 February 2019. The saleremains subject tocustomary approvalsincludingEuropean Commission approval of Kohlberg & Companyas the buyer andis expected to close in the coming weeks.
About Amcor
Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home-and personal-care, and other products.Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve value chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that is increasingly light-weighted, recyclable and reusable, and made using a rising amount of recycled content. Around 48,000 Amcor people generate US$13 billion in sales from operations that span about 250 locations in 40-plus countries.