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Inside Project Spirit: Amcor’s $13b deal to become a global giant

Inside Project Spirit: Amcor’s $13b deal to become a global giant

The mega-merger with rival Berry Global is a transaction that will transform the Melbourne-founded group into a company with 75,000 employees and 400 production plants.

Amcor’s former chief executive Ron Delia and his successor, Peter Konieczny, have landed a transformative deal for the company. Bethany Rae

Simon EvansSenior reporter

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Amcor’s $13 billion buyout of rival plastic packaging group Berry Global has been six years in the making. That’s when Amcor’s then-chief executive, Ron Delia, floated the idea of merging with the Indiana-headquartered plastic products manufacturer.

Ultimately, it was left to Delia’s successor, Peter Konieczny, to seal the deal for the Melbourne-founded business, which started life as the Australian Paper Mills Company in 1896 before going global.

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Simon Evans
Simon EvansSenior reporterSimon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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Original URL: https://www.afr.com/companies/manufacturing/inside-project-spirit-amcor-s-13b-deal-to-become-a-global-giant-20241120-p5ks19