# Amcor in advanced talks to buy Bemis

Australian packaging company Amcor is reportedly in advanced talks to acquire U.S. rival Bemis, which had a market value of about $4.20 billion; a deal could be announced as soon as the following week.

- Type: Acquisition
- Announced: 2018-08-03
- Where: Terre Haute, Indiana, United States
- Value: $6.80B
- Jobs: 679
- Status: rumored
- Products: flexible packaging
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Amcor](https://endata.com/companies/267.md) (acquirer)
- [Bemis](https://endata.com/companies/314.md) (target)
- [Kirkland & Ellis LLP](https://endata.com/companies/3694.md) (partner)
- [MinterEllison](https://endata.com/companies/3708.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/article/markets/australia-s-amcor-in-talks-to-buy-u-s-packaging-company-bemis-wsj-idUSL4N1UU51E/), 2018-08-03: "Australian packaging company Amcor Ltd is in advanced talks to buy U.S. rival Bemis Co, the Wall Street Journal reported."
- [kirkland.com](https://www.kirkland.com/news/press-release/2018/08/kirkland-represents-amcor-on-acquisition-of-bemis), 2018-08-06: "The transaction is subject to customary closing conditions and is targeted to close in the first quarter of calendar year 2019."
- [foodprocessing.com.au](https://www.foodprocessing.com.au/content/business-solutions/news/amcor-is-buying-bemis-815695713), 2018-08-06: "Rumour has it that Amcor is finalising an AU$7 billion buyout of US plastics packaging company Bemis."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/11199/000110465918049877/a18-18334_8425.htm), 2018-08-06: "Amcor & Bemis Combination – Creating the Global Leader in Consumer Packaging"
- [amcor.com](https://www.amcor.com/media/news/amcor-limited-and-bemis-company-inc-to-combine-in-ususd6-8-billion-all), 2018-08-06: "Amcor Limited and Bemis Company, Inc. today announced that their respective Boards of Directors have unanimously approved a definitive agreement under which Amcor will acquire Bemis in an all-stock combination."
- [tribstar.com](https://www.tribstar.com/news/local_news/amcor-limited-buys-packaging-rival-bemis/article_5f350b36-2d0c-562d-931b-76a14f879d95.html), 2018-08-07: "Australian-based Amcor Limited announced Monday it will buy its U.S. packaging rival Bemis in a $5.25 billion all-stock deal."
- [minterellison.com](https://www.minterellison.com/articles/minterellison-advises-on-merger-and-dual-listing-of-amcor-and-bemis), 2018-08-08: "MinterEllison has advised Bemis Company, Inc. on its US$5.26 billion cross-border merger with Amcor Limited to form a dual listed $25 billion global packaging industry leader."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/top-story/amcor-moves-bemis-transformational-6-8bn-deal-08-08-2018), 2018-08-08: "Amcor has acquired rival US firm Bemis in a significant $6.8bn deal which will create a dominant flexible packaging company in the Americas."
- [designpackagingnews.com](http://designpackagingnews.com/en/amcor-to-acquire-bemis-in-a-us6-8-billion-all-stock-combination-creating-a-global-leader-in-consumer-packaging/), 2018-08-14: "Amcor to acquire Bemis in a US$6.8 billion all-stock combination, creating a global leader in consumer packaging"

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