amcor value proposition

"The acquisition of Bemis brings additional scale, capabilities and footprint that will strengthen Amcor's industry leading value proposition and generate significant value for … Amcor on Tuesday announced finalization of the acquisition of Bemis Company Inc. in a deal valued at $6.8 billion. Staying current is easy with Plastics News delivered straight to your inbox, free of charge. Conditions to the Transaction and Other Terms. This helped Amcor improve its customer value proposition in the South American flexible packaging market. Amcor Limited has to manage all these challenges and build effective barriers to safeguard its competitive edge. We value our Talents because they are the greatest strength of our Group. Founded in 1858, Bemis reported 2017 net sales of US$4.0 billion. At Amcor we are inspired to change the packaging industry and are taking on the aspirational challenge to make all our products recyclable or reusable by 2025. More information about Bemis is available at our website, www.Bemis.com. Says Amcor's managing director and CEO, Mr Ken MacKenzie, "We are delighted to finalize the acquisition of the Alcan Packaging assets and have their talented team join Amcor. Think again. Amcor and Bemis boards have unanimously approved a definitive agreement under which Amcor will acquire Bemis in an all-stock combination. Our shareholders will receive a significant premium in this transaction, reflecting the value we’ve built as an organization, as well as the opportunity to continue to participate in the upside potential of a more diversified combined company with greater scale and resources. Amcor on Tuesday announced finalization of the acquisition of Bemis Company Inc. in a deal valued at $6.8 billion. Amcor's CEO, Ron Delia, said: "The strategic rationale for this combination and the financial benefits are highly compelling for both Amcor and Bemis shareholders. “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. Thermoformers: Would you believe a 12 percent gain? X amcor offers a variety of services to a diverse range of clients in the Information Management sector. “We believe this combination, which is an exciting growth story for both companies, will benefit all stakeholders. Investment grade balance sheet with immediate capacity for further investment. All-stock acquisition at an implied value in line with Amcor’s current trading EV/EBITDA multiple, pre cost synergies; Pre-tax annual cost synergies of approximately US$180 million (representing approximately 4% to 5% of Bemis sales) by the end of the third year from procurement, manufacturing and G&A efficiencies(6), incremental to Bemis’ “Agility” improvement plan; Double-digit proforma EPS(2) accretion for all shareholders inclusive of cost synergies at full run rate(1); and. Design and drive the Amcor value proposition; Relationship Management. Our employees will benefit as part of a larger and more global organization focused on a commitment to customer service, integrity and supporting strong teams. The company also improved its EPS growth guidance for the fiscal year to approximately 7-10%, from earlier 5-1-%. •             Greater depth of management talent: A stronger combined team by bringing the significant strengths and quality of the workforce across both companies. 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Ron Delia, CEO of Amcor (Credit: Amcor) Discussing the deal announced today, Amcor CEO Mr Delia said: “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. All these services are target at successful buy or sell transactions, as well as establishing profitable business and channel partnerships. With this transaction, Amcor will have a stronger value proposition with the scale, breadth and resources to unlock value from these opportunities, for the benefit of our shareholders, customers and employees. He was often quoted as a "superior" element on Amcor' value proposition by our customer and always smart and practical to deliver results and set priorities in a hectic and dynamic environment. New entrants in Materials brings innovation, new ways of doing things and put pressure on Amcor Limited through lower pricing strategy, reducing costs, and providing new value propositions to the customers. The transaction will be effected at a fixed exchange ratio of 5.1 Amcor shares for each Bemis share, resulting in Amcor and Bemis shareholders owning approximately 71% and 29% of the combined company, respectively. With broadly complementary manufacturing footprints the transaction is more about strategy than hard synergies. 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Combining these two complementary companies created the 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 … “It looks like Kohlberg is making a huge play into medical and wants to become a major new player,” said Schmitt, managing director of Montesino Associates LLC in Wilmington, Del. Amcor chief executive officer and managing director Ron Delia says: “North America is an attractive region for flexible packaging and this acquisition represents an excellent opportunity to accelerate profitable growth. Double digit returns in excess of Amcor’s Weighted Average Cost of Capital (WACC). With this transaction, Amcor will have a stronger value proposition with the scale, breadth and resources to unlock value from these opportunities, for the benefit of our shareholders, customers and employees. With this transaction, Amcor will have a stronger value proposition with the scale, breadth and resources to unlock value from these opportunities, for the benefit of our shareholders, customers and employees. "Amcor’s financial profile will be enhanced, and our existing capital allocation framework, or shareholder value creation model, will be maintained and strengthened with this transaction. Amcor and Bemis shareholders will receive shares in New Amcor in a tax-free exchange. Amcor identified flexible packaging in the Americas as a key growth priority and this transaction delivers a step change in that region. In 2019, Amcor acquired Bemis Company in an all stock combination. How long will it take for EVs to replace internal combustion engines? With this transaction, Amcor will have a stronger value proposition with the scale, breadth and resources to unlock value from these opportunities, for the benefit of our shareholders, customers and employees. What's a good gift for your cobot? •             Ongoing financial strength and funding flexibility for continued investment. NEENAH - Bemis Co. was acquired Tuesday by Amcor Ltd. based in Melbourne, Australia, in a deal valued at $6.8 billion. The combined company also expects to leverage Bemis’ plant network and innovation center while continuing to invest in the U.S. New Amcor will continue to support the communities in which Bemis operates and announced today a contribution of US$35,000 to the Bemis Foundation on behalf of Amcor’s 35,000 employees world-wide. Amcor moved for Bemis to increase its global footprint and exposure to emerging markets, and expects sales to reach $3.5bn from around 30 emerging markets. Act as the direct, primary face-to-face contact with accounts; Establish strong, multi-level, win/win relationships with customers. Amcor manufactures packaging for … Amcor announces today the acquisition of Deluxe Packages, a privately owned flexible packaging business for US$45 million. "The acquisition of Bemis brings additional scale, capabilities and footprint that will strengthen Amcor's industry leading value proposition and generate significant value for … Amcor's CEO Mr Ron Delia said: "Amcor delivered a good first half result and our outlook for fiscal 2020 adjusted EPS growth has improved to 7-10%. “We are delighted to welcome our new employees, customers and shareholders. Amcor expects the transaction to close "in the coming weeks.". A value rooted in our company culture: Heartists® - a culture of inclusion, care and acceptance! The combined company expects to have an investment grade balance sheet that provides immediate capacity for further disciplined investment as well as a compelling, progressive dividend. We bring our sincere passion for service and care to everything we do. Web page addresses and e-mail addresses turn into links automatically. “There are an increasing number of opportunities arising for a leading packaging company to capitalize on shifting consumer needs, an evolving customer landscape and the need to provide responsible packaging solutions that protect the environment. Amcor remains very well positioned to continue delivering against our value proposition for shareholders – the consistent delivery of 10% to 15% of additional value each year..” Earlier Amcor appointed a new non-executive director. The divestment was required by the European Commission which granted its conditional approval to Amcor's acquisition in February. With this transaction, Amcor will have a stronger value proposition with the scale, breadth and resources to unlock value from these opportunities, for the benefit of our shareholders, customers and employees. Mailbag: Manufacturers struggling to follow COVID-19 safety rules, Modernizing recycling infrastructure will benefit businesses as well as the environment, Maintenance can ensure efficient blender operation, Blending vs dosing: What you need to know, Electric injection molding presses: Efficiency is key, Purging Hot runners: Open or closed methods, Purging: Chemical, abrasive and non-abrasive, Controls, special applications boost production, profitability, Robot maintenance key for smooth operation, High-speed robots: A rapid way to increase efficiency, Structural foam molding: Flexibility for processors. Carlos is a first-class designer, customer-driven, & team player asset. After completion of the transaction it is expected that key aspects of Amcor’s financial profile will remain largely unchanged, including: •             A compelling, progressive dividend which will continue to be an important component of annual shareholder returns; •             Post closing, the first annual dividend paid by New Amcor is expected to be no less than the value of the last annual dividend per share declared by Amcor prior to completion of the transaction, providing significant dividend per share accretion to Bemis shareholders; and. "The acquisition of Bemis brings additional scale, capabilities and footprint that will strengthen Amcor's industry leading value proposition and generate significant value for … Amcor is headquartered in Hawthorn, Victoria, Australia and has its operations in more than 43 countries in Europe, Asia, America, and Africa. The combined global company aging will have the footprint, scale and capabilities to drive significant value for shareholders while offering customers and employees the most compelling value proposition in the packaging industry and deliver the most sustainable innovations for the environment. Develop value proposition and selling tools for the Commercial Team Build a strong external network consisting of key influencers and collaborators within the industry. The acquired business will form part of Amcor's newly-formed Flexibles Americas business group. Amcor’s value proposition with these customers is based on our ability to supply them around the world together with our continuous innovation. Through our products and global footprint, we are in a unique position to truly make a difference in the packaging space. Number 8860726. Sponsored Content By Canon Virginia, Inc. 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. Feb 26, 2021 . Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Amcor CEO and Managing Director, Ron Delia said: "North America is an attractive region for flexible packaging and this acquisition represents an excellent opportunity to accelerate profitable growth. With six locations in California, Marfred will significantly augment Amcor’s value proposition and position in the market. For the year ended 30 June 2017, Amcor generated revenues of US$9.1 billion and EBITDA of US$1.4 billion. Automotive Suppliers Optimistic Despite Supply-Chain Challenges. Lines and paragraphs break automatically. Combining the two complementary companies will create the 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. Batteries? Flexible Packaging. Changing names for compounders embracing corporate branding, Diversity the key to outperforming the market, Rising Stars shine bright future on industry, Perspective: Plastics manufacturers — a surprising contribution to sustainability, Plastics industry business owners: Listen to your future workforce. Amcor operates around 195 sites in over 40 countries, with approximately 35,000 employees. In 2016, Amcor acquired Alusa, a leading flexible packaging company in South America. Closing of the transaction is conditional upon the receipt of regulatory approvals, approval by both Amcor and Bemis shareholders, and satisfaction of other customary conditions. Many people at Amcor today have joined us through acquisitions, including many of our leadership team, and we would expect Bemis to be well represented in Amcor at all levels of the organization.”. “ASG remains dedicated to the flawless supply of award-winning packaging to our customers in the consumer products and home entertainment segments.” “The acquisition strengthens our value proposition to customers in three critical areas,” said Peter Konieczny, President, Amcor Tobacco Packaging. •             An on-going capital allocation philosophy consistent with Amcor’s shareholder value creation framework. With this transaction, Amcor will have a stronger value proposition with the scale, breadth and resources to unlock value from these opportunities, for the benefit of our shareholders, customers and employees. Describing the acquisition as a "significant moment" for both companies, Amcor CEO Ron Delia said Bemis brought additional scale, capabilities and footprint to Amcor. Do you have some thoughts you'd like to share with our readers? “We are convinced this is the right deal at the right time for both companies, and with the right structure for both sets of shareholders to participate in a unique value creation opportunity. Amcor Rigid Plastics has acquired Sonoco’s Global Plastics blow molding business in North America.The acquisition will strengthen the customer value proposition in the pharmaceutical, personal care and specialty food segments. In addition, the combination will enable us to offer global, regional and local customers the most compelling value proposition in the industry through a broader product portfolio, increased product differentiation and enhanced operating capabilities, while leveraging Bemis’ extensive U.S. manufacturing base and strengths in material science and innovation. “I think Amcor is getting great technical know-how,” Wilde said. Ron Delia , Amcor’s CEO and managing director, said: “With the addition of Deluxe Packages, Amcor's customer value proposition in the specialty food packaging segment is strengthened with a combined east and west coast footprint. Amcor's CEO, Ron Delia, concluded, “Amcor and Bemis have many things in common starting with proud histories that date back more than 150 years. The move, initially agreed in August 2018, was completed today (12 June) after getting approval from the US Department of Justice last month. Amcor will highlight developments in sustainability and dairy packaging innovation at the virtual Dairy Forum 2021. Existing Amcor shareholders will have the option to receive one New Amcor ASX listed CDI or one New Amcor NYSE listed share for each Amcor share held. It is intended that New Amcor will be tax resident in the UK after closing. Sep 23 2011 --- Amcor Packaging Distribution (APD) has acquired Marfred Industries, one of the largest independently owned packaging manufacturers and packaging distributors in the United States. “In medical, a competitor can’t just come in and say ’I’ll drop your price 10 percent if you switch to me,’” he said. The combination creates substantial value for shareholders of both companies through: The combination will be effected through a merger of Amcor and Bemis into a newly created holding company, ‘New Amcor, incorporated in Jersey, United Kingdom. " [The acquisition] will strengthen Amcor's industry leading value proposition and generate significant value for shareholders," he added. Amcor plc's flexible packaging line, AmLite. Deluxe operates one well-invested manufacturing plant with attractive technologies, capabilities and highly skilled co-workers in Yuba City, in Northern California. Amcor's CEO, Ron Delia, added, “Amcor and Bemis have many things in common starting with proud histories that date back more than 150 years. New Amcor will have a primary listing on the NYSE and a listing on the ASX. This is equivalent to a transaction price of US$57.75 per Bemis share based on Amcor’s closing share price of A$15.28(4) on August 3, 2018, and represents a premium of 25% to Bemis’ closing price of US$46.31 per share as of August 2, 2018(5). Global fluropolymers additives market: CAGR, NPE exhibitors question handling of deposits for canceled trade show, Exhibitors back NPE cancellation: ‘We couldn't take that risk', NPE reviews its options as pandemic prompts exhibitor to exit. The sale remains subject to customary approvals, including the European Commission approval of Kohlberg & Co. as the buyer, said Amcor in a June 25 statement. With the addition of Deluxe Packages, Amcor's customer value proposition in the specialty food packaging segment is strengthened with a combined east and west coast footprint. Amcor manufactures packaging for food, beverage, pharmaceutical, medical, personal care and other consumer products. July 24, 2012. Are 4D Hydrogels the Shape of Things to Come in Tissue Engineering? Subject to the satisfaction of the conditions to closing, the transaction is targeted to close in the first quarter of calendar year 2019. Our core focus area is “Buyouts of financially distressed assets. ” We have also recently launched our “Smart Startup Fund,” which focuses on early-stage investments in globally scalable ideas. The three plants, in Londonderry, Northern Ireland; Clara, Ireland; and Brigg, England, represent "the entire medical packaging business" of Bemis and have a combined annual sales of around $170 million. 1155 Gratiot Avenue There were multiple bidders for the three plants, but Kohlberg’s involvement also was a bit of a surprise, according to Schmitt. Amcor Rigid Plastics Acquires Sonoco’s Plastics Blow Molding Business. Amcor packaging solutions promoting a sustainable future. This structure has several key benefits, including: •             Listings on two major global exchanges with primary listing on the NYSE and an ASX listing via CDIs; •             Expected index inclusion in the S&P 500 of the full market capitalization of the combined company (estimated at US$17 billion(3)) and pro-rata inclusion of CDIs in the S&P / ASX 200 index, resulting in greater liquidity and considerably increased index buying; and. Perspective: Making products in the USA is good for the planet, Mailbag: Additional fees for electric vehicles ‘unfortunate'. 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 response from customers has been very positive, given Amcor's enhanced global value proposition, which includes a broader and more sustainable product offering. Copyright © 2021. Click on the link below to view a PDF of the full release. General Announcements. Amcor has recently made investments to improve its value proposition for its tobacco packaging customers both in Europe and the Americas, with state-of-the-art investments in innovation capability as. The response from customers has been very positive, given Amcor's enhanced global value proposition, which includes a broader and more sustainable product offering. Upon completion of the transaction, New Amcor’s Board is expected to comprise 11 members, 8 of whom are current Amcor directors, and 3 of whom are current Bemis directors. Bemis shareholders will receive 5.1 New Amcor NYSE shares for each Bemis share held, resulting in Amcor and Bemis shareholders owning approximately 71% and 29% of the combined company, respectively. David Clark, Vice President of Safety Environment & Sustainability at Amcor Ltd, discusses innovative packaging solutions, reducing supply chain carbon footprints and environmental management systems . Also, this acquisition will bring other additional range, capabilities that will enhance Amcor s industry-leading in terms of a value proposition. “Along with our leadership positions in Europe and Asia, Amcor’s customer value proposition will substantially improve with a strong presence in South America. The combination creates a global plastics packaging producer, including a combined $9 billion flexible packaging powerhouse, through a newly created holding company, New Amcor, incorporated in Jersey, United Kingdom. “We have always had a great deal of respect for Bemis and we are thrilled that its team in Wisconsin and around the world will be joining Amcor. From a strategic perspective, the businesses we have acquired are strongly aligned with our nominated growth segments, and provide the ability to substantially improve the value proposition for our customers. “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 Amcor Chief Executive Officer Ron Delia. After completion of the transaction, Amcor will have a stronger and more differentiated value proposition for global, regional and local customers through: •             Comprehensive global footprint with more balanced, profitable exposure to emerging markets: A global flexible packaging footprint across key geographies; a larger, more balanced and more profitable emerging markets business, with sales of some US$3.5 billion from around 30 emerging markets; •             Greater scale to better serve customers in every region: Increased economies of scale and resources through Amcor’s leading positions in Europe, Asia and Latin America, and Bemis’ leading positions in North America and Brazil; •             Increased exposure to attractive end markets and product segments: An enhanced growth profile from greater global participation in protein and healthcare packaging, leveraging innovative technologies in barrier films and foils; •             Best-in-class operating and innovation capabilities: Greater differentiation to innovate and meet customer demands for new and sustainable products through the deployment of proven, industry-leading commercial, operational and R&D capabilities; •             A continued strong commitment to environmental sustainability: Enhanced capabilities behind Amcor’s pledge to develop all recyclable or reusable packaging products by 2025; and. New Amcor will continue to maintain a critical presence in Wisconsin and other key Bemis locations. Amcor is a global leader in responsible packaging solutions, supplying a broad range of rigid and flexible packaging products into the food, beverage, healthcare, personal care and other fast moving consumer end markets. Amcor will draw on our extensive merger integration experience to deliver the substantial benefits of this combination.”, "The combination of Bemis and Amcor is transformational, bringing together two highly complementary organizations to create a global leader in consumer packaging,” Bemis’ President and CEO, William F. Austen, said. Through this Transaction, Amcor is now a global leader in consumer packaging with greater talent, global reach, scale and technical capabilities to offer an unrivaled value proposition for our customers – large or small – anywhere in the world. The Melbourne, Australia-based company completed its all-stock acquisition of Bemis on June 11. Registered in England and Wales. Email your letter to Editor at [email protected]. With this transaction, Amcor will have a stronger value proposition with the scale, breadth and resources to unlock value from these opportunities, for the benefit of our shareholders, customers and employees. ALCOR Value Proposition. Schmitt added that medical packaging remains a desirable investment area for many reasons, including the regulatory market. Just how big is thermoforming in North America? Best in the Business. Amcor is a global leader in developing and producing high-quality, responsible packaging for a variety of food, beverage, pharmaceutical, medical-device, home … Perspective: ‘Fake news' of a different sort? ... How to Craft Your Employer Value Proposition. Do you have an opinion about this story? We are convinced this is the right deal at the right time for both companies, and with the right structure for both sets of shareholders to participate in a unique value creation opportunity. "[The acquisition] will strengthen Amcor's industry leading value proposition and generate significant value for shareholders," he added. Bemis Company, Inc. (“Bemis”) is a supplier of flexible and rigid plastic packaging used by leading food, consumer products, healthcare, and other companies worldwide. With this transaction, Amcor will have a stronger value proposition with the scale, breadth and resources to unlock value from these opportunities, for the benefit of our shareholders, customers and employees. Headquartered in Neenah, Wisconsin, Bemis employs approximately 16,000 individuals worldwide. All rights reserved. Mold inventory: How many molds does a shop have? Amcor plc will sell three former Bemis production plants in the United Kingdom and Ireland to U.S. private equity firm Kohlberg & Co. for $394 million as part of the process to acquire the Neenah, Wis.-based packaging giant Bemis Co. The companies will complement each other while offering customers and employees compelling value proposition in the packaging industry and deliver sustainable innovations for the environment. About Amcor: The company is a leading packaging manufacturer with an extensive global footprint. Bemis has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting.

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