Amcor agrees to sell three former Bemis flexible packaging plants to Kohlberg for US$394m

Amcor signed a binding agreement to sell three former Bemis flexible packaging plants in the UK and Ireland to investment firm Kohlberg & Company for US$394 million cash, a divestment required by the European Commission. The plants generate about US$170 million annual sales.

“Amcor entered into a binding agreement with investment firm Kohlberg & Company for the sale of three former Bemis plants located in the United Kingdom and Ireland.”packaginginsights.com

• 2 sources
• packaginginsights.comWeekly Roundup: Amcor agrees US$394m sale of flexible packaging plants on requirement of European CommissionJun 28, 2019
• paulweiss.comKohlberg Acquires Bemis Healthcare Packaging Europe | Paul, WeissAug 8, 2019

Summarized from public sources; check the original articles before acting on it.