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Amcor Completes Sale of BCNA JV

Sells interest in JV for $122 million, with proceeds used to reduce debt.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Amcor announced it completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million on Dec. 27, 2024, with the proceeds used to reduce debt.

Fiscal 2024 total sales for the joint venture were approximately $190 million and adjusted EBIT was approximately $19 million, both of which were previously fully consolidated under Amcor’s Rigid Packaging business.

Adjusted net income attributable to Amcor for fiscal 2024 was approximately $8 million. Net of the resulting reduction in interest expense, the transaction is not expected to have an impact on Amcor’s financial outlook for fiscal 2025.

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