{"id":5594,"date":"2025-02-27T03:41:34","date_gmt":"2025-02-27T08:41:34","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=5594"},"modified":"2025-02-27T03:41:34","modified_gmt":"2025-02-27T08:41:34","slug":"amcor-and-berry-global-merger-approved-by-shareholders","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=5594","title":{"rendered":"Amcor and Berry Global merger approved by shareholders"},"content":{"rendered":"


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The shareholders of both companies voted heavily in favour of the deal. Credit: Amcor.<\/figcaption><\/figure>\n<\/p><\/div>\n

Global packaging solutions company Amcor and plastic packaging producer Berry Global\u2019s shareholders have given their approval for the merger of the two companies, originally announced in November 2024.<\/p>\n

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More than 71% of Amcor\u2019s outstanding shares were present or represented by proxy at the vote, with more than 99% voting in favour of the proposal.<\/p>\n

Similarly, Berry Global saw more than 83% of its shares represented, with over 98% voting in support.<\/p>\n

The final voting results will be filed by both companies with the US Securities and Exchange Commission (SEC) on Form 8-K.<\/p>\n

Berry Global Group CEO Kevin Kwilinski said: \u201cWe are excited to take another important step toward finalising this combination between Berry and Amcor and are pleased the shareholders of both companies clearly recognise the significant opportunities we will have as one company to deliver enhanced value for all stakeholders.\u201d<\/p>\n

The anticipated closure of this combination is set for the middle of 2025, pending the fulfilment of closing conditions.<\/p>\n

Once combined, Amcor and Berry Global are poised to offer improved consumer and healthcare packaging solutions to their customers, leveraging their combined material science and innovation capabilities to drive product development.<\/p>\n

Amcor CEO Peter Konieczny said: \u201cThe resounding support from both companies\u2019 shareholders marks another important milestone in bringing Amcor and Berry together.<\/p>\n

\u201cOur combined company will be positioned to serve customers better, grow faster and operate globally in a way neither company could accomplish alone. Together, we have an exciting and unique opportunity to truly transform the future of packaging.\u201d<\/p>\n

In November last year, Amcor and Berry Global Group entered into the definitive merger agreement<\/a> to create a consumer packaging solutions company through an all-stock transaction.<\/p>\n

At the time, the $8.4bn deal was expected to generate annual synergies of $650m.<\/p>\n

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