Amcor, Bemis merger cleared to complete
The multibillion US dollar merger of Amcor and Bemis has received regulatory clearance from the US Department of Justice in relation to the combination of the two companies.
All antitrust and other regulatory clearances have now been completed, and the final steps towards closing the transaction will now proceed. The transaction will complete on June 11.
A condition of this approval is the previously announced sale of certain Amcor assets located in the US to Tekni-Plex.
When the merger was revealed last year, it was said that combining the two complementary companies will create ‘a global leader in consumer packaging, with the footprint, scale and capabilities to drive significant value for shareholders, offer customers and employees the most compelling value proposition in the packaging industry and deliver the most sustainable innovations for the environment.’
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