Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, June 12 2019 - 00:13
Amcor Completes Acquisition of Bemis, Creating the Global Leader in Consumer Packaging
CHICAGO and MELBOURNE, Australia, June 11, 2019 /PRNewswire-AsiaNet/ --

Amcor today announces the successful completion of its acquisition of Bemis 
Company Inc., effective 11 June 2019. The combined company will now operate as 
Amcor plc (Amcor), trading on the New York Stock Exchange under the ticker 
symbol "AMCR" and the Australian Securities Exchange under the ticker symbol 
"AMC." Amcor is included in both the S&P 500 and S&P/ASX 200 indices.

Amcor Chief Executive Officer Ron Delia described the acquisition as "a 
significant milestone as two strong companies with histories each dating back 
over 150 years look forward to one great future." 

"The acquisition of Bemis brings additional scale, capabilities and footprint 
that will strengthen Amcor's industry leading value proposition and generate 
significant value for shareholders," said Mr. Delia.

Amcor makes responsible packaging for food, beverage, pharmaceutical, medical, 
home- and personal-care, and other consumer products. During the 2018 financial 
year, the company generated combined revenues of more than USD 13.4 billion 
from operations at approximately 245 locations in more than 40 countries.

"As the global leader in consumer packaging, Amcor is uniquely positioned to 
capitalize on shifting consumer preferences, an evolving customer and retail 
landscape, and the increasing need to develop packaging that best protects the 
product as well as the environment." said Mr. Delia.

"We are delighted to welcome our new employees, customers and shareholders," 
said Mr. Delia. "This is the first day of an exciting and even stronger future 
for Amcor and all of our stakeholders." 

About Amcor

Amcor is a global leader in developing and producing responsible packaging for 
food, beverage, pharmaceutical, medical, home- and personal-care, and other 
products. Amcor works with leading companies around the world to protect their 
products and the people who rely on them, differentiate brands, and improve 
value chains through a range of flexible and rigid packaging, specialty 
cartons, closures, and services. The company is focused on making packaging 
that is increasingly light-weighted, recyclable and reusable, and made using a 
rising amount of recycled content. Around 48,000 Amcor people generate US$13 
billion in sales from operations that span about 250 locations in 40-plus 
countries. NYSE: AMCR; ASX: ASC

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Cautionary Statement Regarding Forward-Looking Statements

This communication contains certain statements that are "forward-looking 
statements" within the meaning of Section 27A of the Securities Act of 1933, as 
amended (the "Securities Act"), and Section 21E of the Securities Exchange Act 
of 1934, as amended. Amcor Limited ("Amcor"), its subsidiary Amcor plc (f/k/a 
Arctic Jersey Limited) ("New Amcor") and Bemis Company, Inc. ("Bemis") have 
identified some of these forward-looking statements with words like "believe," 
"may," "could," "would," "might," "possible," "will," "should," "expect," 
"intend," "plan," "anticipate," "estimate," "potential," "outlook" or 
"continue," the negative of these words, other terms of similar meaning or the 
use of future dates. Forward-looking statements in this communication include, 
without limitation, statements about the anticipated benefits of the 
contemplated transactions, including future financial and operating results and 
expected synergies and cost savings related to the contemplated transactions, 
the plans, objectives, expectations and intentions of Amcor, New Amcor or Bemis 
and the expected timing of the completion of the contemplated transactions. 
Such statements are based on the current expectations of the management of 
Amcor or Bemis, as applicable, are qualified by the inherent risks and 
uncertainties surrounding future expectations generally, and actual results 
could differ materially from those currently anticipated due to a number of 
risks and uncertainties. None of Amcor, New Amcor or Bemis, or any of their 
respective directors, executive officers or advisors, provide any 
representation, assurance or guarantee that the occurrence of the events 
expressed or implied in any forward-looking statements will actually occur. 
Risks and uncertainties that could cause results to differ from expectations 
include, but are not limited to: uncertainties as to the timing of the 
contemplated transactions; uncertainties as to the approval of the transactions 
by Bemis' and Amcor's shareholders, as required in connection with the 
contemplated transactions; the possibility that a competing proposal will be 
made; the possibility that the closing conditions to the contemplated 
transactions may not be satisfied or waived, including that a governmental 
entity may prohibit, delay or refuse to grant a necessary approval; the effects 
of disruption caused by the announcement of the contemplated transactions or 
the performance of the parties' obligations under the transaction agreement 
making it more difficult to maintain relationships with employees, customers, 
vendors and other business partners; the risk that shareholder litigation in 
connection with the contemplated transactions may affect the timing or 
occurrence of the contemplated transactions or result in significant costs of 
defense, indemnification and liability; uncertainties as to the availability 
and terms of refinancing for the existing indebtedness of Amcor or Bemis in 
connection with the contemplated transactions; uncertainties as to whether and 
when New Amcor may be listed in the US S&P 500 index and the S&P / ASX 200 
index; uncertainties as to whether, when and in what amounts future dividend 
payments may be made by Amcor, Bemis or New Amcor; other business effects, 
including the effects of industry, economic or political conditions outside of 
the control of the parties to the contemplated transactions; transaction costs; 
actual or contingent liabilities; disruptions to the financial or capital 
markets; other risks and uncertainties discussed in Amcor's disclosures to the 
Australian Securities Exchange ("ASX"), including the "2018 Principal Risks" 
section of Amcor's Annual Report 2018; and other risks and uncertainties 
discussed in Bemis' filings with the U.S. Securities and Exchange Commission 
(the "SEC"), including the "Risk Factors" section of Bemis' annual report on 
Form 10-K for the fiscal year ended December 31, 2018. You can obtain copies of 
Amcor's disclosures to the ASX for free at ASX's website ( You 
can obtain copies of Bemis' filings with the SEC for free at the SEC's website 
( Forward-looking statements included herein are made only as of 
the date hereof and none of Amcor, New Amcor or Bemis undertakes any obligation 
to update any forward-looking statements, or any other information in this 
communication, as a result of new information, future developments or 
otherwise, or to correct any inaccuracies or omissions in them which become 
apparent, except as expressly required by law. All forward-looking statements 
in this communication are qualified in their entirety by this cautionary 


Source: Amcor plc