AmcorNYSE: AMCR

Amcor's acquisition essentially confirms recent forecasts by Wall Street bankers that major tie-ups to achieve scale will become more common.

On Tuesday, Amcor Plc, a packaging company, announced that it will acquire its competitor Berry in a deal worth $8.43 billion, which will be paid entirely in stock.

ZURICH, Nov. 13, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a worldwide leader in creating responsible packaging solutions, has received an award at the 35th Packaging Innovation Awards (PIA) for its AmPrima® Plus coffee packaging. Sponsored by Dow, this respected award highlights outstanding packaging and promotes improvements in sustainability and performance.

ZURICH, Nov. 12, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX:AMC), a leading company in responsible packaging solutions, has introduced two new programs under its Amcor Lift-Off initiative to enhance research and development (R&D) and explore emerging technologies: Amcor Lift-Off Sprints and Amcor Lift-Off Connect. These initiatives aim to build on the success of previous collaborations with innovative start-ups, such as Greyparrot's AI waste recognition system, circolution's reusable packaging, Nfinite Nanotechnology's sustainable coatings, and Bloom Biorenewables' bio-based PET.

ZURICH, Nov. 11, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a worldwide leader in creating responsible packaging solutions, has received a European patent for its paper packaging that includes a thin film barrier. This patent highlights the special features of its AmFiberTM range. AmFiberTM Performance Paper is a paper-based solution that offers high barrier protection, recyclability, and efficient performance for packaging in the food and healthcare sectors.

AMCR's revenue for the first quarter shows a 1% negative effect from foreign exchange and a 1% impact from passing on lower raw material costs.

Amcor plc (NYSE:AMCR) will hold its Q1 2025 Earnings Conference Call on October 31, 2024, at 5:30 PM ET. The call will feature company representatives including Tracey Whitehead, Peter Konieczny, and Michael Casamento. Participants from various financial institutions will also join the discussion.

Amcor (AMCR) reported quarterly earnings of $0.16 per share, matching the Zacks Consensus Estimate. This is the same as the earnings of $0.16 per share from the previous year.

Amcor has announced that it will sell its 50% stake in Bericap North America for $122 million, with the proceeds aimed at reducing debt. This joint venture, established in 1997, produces closures for various markets and operates in the U.S., Canada, and Mexico. The sale is not expected to affect Amcor's financial outlook for FY25.