ZURICH, Dec. 30,
2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a
global leader in developing and producing responsible packaging
solutions, announced today it completed the sale of its 50%
interest in Bericap North America (BCNA) for $122 million on December
27, with the proceeds used to reduce debt.
Fiscal 2024 total sales for the joint venture were approximately
$190 million and adjusted EBIT was
approximately $19 million, both of
which were previously fully consolidated under Amcor's Rigid
Packaging business. Adjusted net income attributable to Amcor for
fiscal 2024 was approximately $8
million. Net of the resulting reduction in interest expense,
the transaction is not expected to have an impact on Amcor's
financial outlook for fiscal 2025.
About Amcor
Amcor is a global leader in developing and producing responsible
packaging solutions across a variety of materials for food,
beverage, pharmaceutical, medical, home and personal-care, and
other products. Amcor works with leading companies around the world
to protect products, differentiate brands, and improve supply
chains. The Company offers a range of innovative, differentiating
flexible and rigid packaging, specialty cartons, closures and
services. The company is focused on making packaging that is
increasingly recyclable, reusable, lighter weight and made using an
increasing amount of recycled content. In fiscal year 2024, 41,000
Amcor people generated $13.6 billion
in annual sales from operations that span 212 locations in 40
countries. NYSE: AMCR; ASX: AMC
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SOURCE Amcor