# Amcor to combine with Berry Global in all-stock merger

Amcor agreed to combine with Berry Global in an all-stock merger in which Berry shareholders receive 7.25 Amcor shares per share, creating a combined company with an enterprise value of about $37 billion. Closing is targeted for mid-2025.

- Type: Acquisition
- Announced: 2024-11-19
- Where: United States
- Value: $8.43B
- Status: announced
- Products: flexible film, containers and closures, healthcare packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Amcor](https://endata.com/companies/267.md) (acquirer)
- [Berry Plastics](https://endata.com/companies/829.md) (target)
- [Goldman Sachs](https://endata.com/companies/2175.md) (partner)

## Sources

- [kirkland.com](https://www.kirkland.com/news/press-release/2024/11/kirkland-advises-amcor-on-$37-billion-merger-with-berry-global), 2024-11-19: "The transaction was announced November 19, 2024. Closing is targeted in the middle of calendar year 2025."
- [amcor.com](https://www.amcor.com/media/news/amcor-and-berry-to-combine-in-an-all-stock-transaction), 2024-11-19: "Amcor plc (“Amcor”) (NYSE: AMCR; ASX: AMC) and Berry Global Group, Inc. (“Berry”) (NYSE: BERY), today announced they have entered into a definitive merger agreement, pursuant to which Amcor and Berry will combine in an all-stock transaction."
- [reuters.com](https://www.reuters.com/markets/deals/us-packaging-firm-amcor-buy-berry-843-bln-deal-2024-11-19/), 2024-11-19: "Switzerland-based Amcor Plc, on Tuesday agreed to buy U.S. peer Berry Global for $8.43 billion in an all-stock deal, creating a consumer and healthcare packaging giant with combined revenues of $24 billion."
- [wsj.com](https://www.wsj.com/business/deals/amcor-to-buy-berry-global-in-8-4-billion-stock-deal-2eef42c7), 2024-11-19: "has agreed to buy Berry Global Group in a roughly $8.4 billion stock swap that will create a consumer and healthcare packaging company"
- [packagingnews.com.au](https://www.packagingnews.com.au/latest/amcor-merges-with-berry-in-13bn-deal), 2024-11-20: "In one of the biggest deals ever undertaken by an ASX-listed business, Amcor is acquiring US-based Berry Group"
- [globalpapermoney.com](https://www.globalpapermoney.com/packaging-firm-amcor-to-buy-berry-for-8-43-billion-cms-18548), 2024-12-03: "Amcor plc and Berry Global Group, Inc. announced they have entered into a definitive merger agreement, pursuant to which Amcor and Berry will combine in an all-stock transaction."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1378992/000110465925002137/tm2431373d4_425.htm), 2025-01-09: "On November 19, Amcor and Berry Global announced our intent to combine, creating a global leader in flexibles, containers and closures for our customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.