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Update on Amcor, Bemis Transaction

Integration planning led by a dedicated team of full time executives from both companies is underway.

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By: DAVID SAVASTANO

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

Amcor Limited and Bemis Company, Inc. report they have made significant progress towards closing the all-stock transaction announced on 6 Aug. 6, 2018. Integration planning led by a dedicated team of full-time executives from both companies is well underway and preparation of documentation is nearing completion.
 
The process toward securing required antitrust clearances and other regulatory consents in all jurisdictions which are conditional to closing have either been completed or are progressing in line with the range of original expectations. However, in the US, antitrust approval and completion of shareholder meeting documentation review by the US Securities and Exchange Commission have been delayed due to the partial US government shutdown.
 
As a result, it is now anticipated the transaction will close in the second quarter of the calendar year 2019.

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