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.

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.