At what enterprise value was BERRY GLOBAL GROUP acquired in 2024?

During the acquisition of BERRY GLOBAL GROUP by AMCOR in 2024, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of BERRY GLOBAL GROUP when it was acquired by AMCOR?

The estimated EV/EBITDA multiple for BERRY GLOBAL GROUP is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was BERRY GLOBAL GROUP acquired by AMCOR?

BERRY GLOBAL GROUP was acquired by AMCOR in 2024.

What was the revenue of BERRY GLOBAL GROUP at the time of the deal?

The revenue of BERRY GLOBAL GROUP at the time of the deal is estimated to be in the range of 5b - 100b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BERRY GLOBAL GROUP during the acquisition?

BERRY GLOBAL GROUP's EBITDA is estimated to be in the range of 1b - 3b USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the BERRY GLOBAL GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BERRY GLOBAL GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.reuters.com/markets/deals/us-packaging-firm-amcor-buy-berry-843-bln-deal-2024-11-19/

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Home Database Industry & ManufacturingBERRY GLOBAL GROUP

11/2024

BERRY GLOBAL GROUP acquired by AMCOR

UNITED STATES Chemicals & Materials / Packaging & Containers / Plastic Packaging EV 3b - 100b USD

Context

Amcor and Berry Global have entered into a definitive agreement to combine in an all-stock transaction, creating a global consumer and healthcare packaging powerhouse. Under the terms of the agreement, Berry shareholders will receive $73.59 per share in Amcor stock, representing a 9.75% premium to the last close. Post-merger, Amcor shareholders will own approximately 63% of the combined entity, while Berry shareholders will own 37%. The strategic rationale for the combination is to create a leader with unprecedented scale and geographic reach across 140+ countries. The merger unites Amcor’s global flexibles strength with Berry’s regional container and closure leadership, particularly in North America and Europe. The combined group expects to generate $650 million in annual synergies by the third year, driven by cost optimizations and incremental growth in high-value categories. This transaction accelerates both companies' shift toward a sustainable, circular economy-focused product mix, positioning the new Amcor as the largest buyer of resin and the most capable innovator in the global packaging landscape.

BERRY GLOBAL GROUP, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Headquartered in Evansville, Indiana, Berry Global is a leading provider of innovative packaging and engineered products. The company’s business model focuses on high-growth consumer-oriented end markets, including healthcare, personal care, and food and beverage. Berry operates a vast industrial platform with over 250 locations worldwide, specializing in rigid containers, closures, and flexible films. Its value proposition is built on deep innovation expertise and a commitment to the circular economy through advanced recycling and lightweighting technologies. Following a significant portfolio transformation in 2024—including the spin-off of its health and hygiene business (HHNF) and the sale of its specialty tapes division—Berry has sharpened its focus on high-margin consumer packaging. The company serves over 20,000 customers globally, leveraging its unmatched scale to solve complex sustainability challenges for international brands.

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REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 5b - 100b USD

EBITDA range: 1b - 3b USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BERRY GLOBAL GROUP by AMCOR are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).