Amcor and Berry Global merger secures shareholder approval

USA – Shareholders of global packaging leader Amcor and plastic packaging producer Berry Global have approved the merger of the two companies, a deal first announced in November 2024. 

At the vote, more than 71% of Amcor’s outstanding shares were represented, with over 99% voting in favor.

Berry Global saw similar support, with more than 83% of its shares represented and over 98% approving the merger. The final voting results will be filed with the US Securities and Exchange Commission (SEC) on Form 8-K. 

Berry Global Group CEO Kevin Kwilinski welcomed the strong shareholder backing, stating, “This is an important step toward finalizing the merger, and we are pleased that shareholders recognize the significant opportunities this combination presents. Together, we will deliver enhanced value for all stakeholders.”

The merger is expected to close in mid-2025, pending regulatory approvals and other closing conditions.

Once completed, the combined company will leverage its expertise in material science and innovation to enhance consumer and healthcare packaging solutions. 

Amcor CEO Peter Konieczny emphasized the transformative nature of the merger, “With overwhelming shareholder support, we are one step closer to uniting Amcor and Berry.

“As a combined company, we will serve customers better, accelerate growth, and operate globally in ways neither company could achieve alone. This is a unique opportunity to redefine the future of packaging.”

Last month, Amcor and Berry filed a definitive joint proxy statement with the SEC, marking a key milestone in the merger process. Shareholder meetings were held on February 25, 2025, where both companies formally approved the agreement.

The all-stock transaction aims to create a global leader in consumer and healthcare packaging, offering an expanded portfolio of flexible films, containers, closures, and dispensing systems. 

Under the agreement, Berry shareholders will receive 7.25 Amcor shares for each Berry share held at closing.

This exchange ratio will result in Amcor shareholders owning approximately 63% of the merged entity, with Berry shareholders holding the remaining 37%. 

Konieczny highlighted the strategic impact of the merger, “This combination aligns with our strategy to prioritize customer needs, elevate sustainability, and focus on high-growth, high-margin categories.

“Together, we will drive innovation, strengthen our product offerings, and enhance supply chain flexibility for global and local customers alike.”

The merger positions the combined company as a formidable force in the packaging industry, with the scale and expertise to lead in sustainability and innovation.

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