Amcor thrives on US grocery boom in stay-at-home times
Amcor, the world's largest consumer packaging company, has been a big beneficiary of the shift to stay-at-home consumption during the COVID-19 pandemic, with profits rising strongly in its North American operations as demand jumped for meat, cheese, sauces and pet food.
Amcor, which shifted its primary listing to the New York Stock Exchange last year after a $9 billion buyout of rival packaging company Bemis Co, still has a legion of local shareholders who hold CDI's which trade on the ASX.
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