ASX Announcements
January
Amcor pounced on Berry merger after ‘Party A’ walked away, filings show
The all-scrip, $13 billion deal to merge with the New York-listed packaging group will create a company with 400 plants and 75,000 staff worldwide.
- Simon Evans
December 2024
Australia’s 50 highest-paid CEOs in 2024 revealed
Macquarie Group’s Shemara Wikramanayake is Australia’s best-paid CEO for the fourth year in a row.
- Patrick Durkin
November 2024
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.
- Simon Evans
- Opinion
- Chanticleer
Amcor’s whopper $76b tie-up shows it’s ready to rule the world
It’s one of the biggest deals of the year – and the financial numbers are eye-catching. Imagine $US650 million in synergies.
- Anthony Macdonald
Amcor in massive $13b buyout of Berry Group
The dual-listed packaging group is undertaking a mega-merger with New York-listed Berry that will create a company with 75,000 employees.
- Simon Evans
August 2024
Investment bankers (but not Barrenjoey) feast on Orora
This was a boring company, offering boring but profitable returns. And then, it went and blew its brains out.
- Myriam Robin
July 2024
- Manufacturing Winner
- Sustainability Leaders
How Amcor gave us guilt-free cream cheese
Soft plastics are piling up in warehouses around Australia. Amcor says it has a solution, taking out the Manufacturing category.
- Sylvia Ramsey
March 2024
Trump warns Rudd; BHP cuts contractors; Canva ditches degrees
Read everything that’s happened in the news so far today.
Amcor CEO exits after nine years citing ‘health reasons’
A gruelling 24-7 role overseeing 210 packaging plants in 43 countries has taken its toll on Ron Delia, who has run the business since 2015.
- Simon Evans
February 2024
Packaging giant Amcor cuts 2000 jobs as shopping baskets shrink
The world’s largest consumer packaging group has axed 5 per cent of its workforce and does not expect any rebound in consumer spending on soft drinks and meat.
- Simon Evans
November 2023
342,000 investors hold this stock, but this fundie is selling down
With higher interest costs and slower growth, fund managers are taking notice. This is where they’re rebalancing.
- Lucy Dean
September 2023
$2.2b deal means Melbourne can maker will make Grey Goose bottles
Orora CEO Brian Lowe says the price demanded by US private equity giant Carlyle is “very fair” and he’s not worried that staff who had equity stakes are cashing out.
- Simon Evans
Super profits rise under cloak of inflation
An ex-ACCC boss says dominant companies in industries with limited competition have used their clout to lift prices beyond inflation.
- Simon Evans
August 2023
- Opinion
- Chanticleer
What we learnt: Goodman, Super Retail, Inghams, Amcor
The Chanticleer team examines Goodman Group’s data centre plan, Super Retail’s resilient sales, and Inghams Group which has got a debt monkey off its back.
- James Thomson and Anthony Macdonald
Amcor to keep lifting prices as rate threat remains
The world’s largest consumer packaging company says it will keep increasing prices, partly because it still expects interest rates to rise.
- Updated
- Simon Evans
Cadbury owner’s plan to stop importing waste for chocolate wrappers
The global confectionary giant currently imports recycled plastics to meet its target for 30 per cent recycled packaging as Australia doesn’t have a facility.
- Ben Potter
June 2023
World-beating Australian recycling tech debuts in UK, Japan
Sydney-based Licella is poised to reveal partners for a proposed plant on the Dow Chemical site at Altona, in Melbourne’s west, in coming weeks.
- Updated
- Ben Potter
May 2023
Packaging giant Amcor feels pain of tighter spending
The chief executive of the world’s biggest consumer packaging company says hefty price rises across household goods are taking a toll.
- Simon Evans
April 2023
Why Mars chose Australia for a world-first shift
The conglomerate will roll out the change across local supermarkets before it commits to a global launch.
- Simon Evans
February 2023
Amcor pushes through $1b in price rises as inflation bites
The CEO of the world’s largest consumer packaging group says raw material inflation is likely to have passed its peak.
- Updated
- Simon Evans