Amcor Sells 3 Former Bemis Plants for $394 Million

Date : 06/25/2019 @ 6:38PM
Source : Dow Jones News
Stock : Amcor Limited (AMC)
Quote : 14.75  -0.02 (-0.14%) @ 3:50PM
Amcor share price Chart

Amcor Sells 3 Former Bemis Plants for $394 Million

Amcor (NYSE:AMCR)
Historical Stock Chart

6 Months : From May 2019 to Nov 2019

Click Here for more Amcor Charts.

By Chris Wack

 

Amcor Plc (AMCR) said Tuesday it is selling three former Bemis plants located in the U.K. and Ireland to Kohlberg & Co. for cash consideration of $394 million.

The packaging company said the three plants generate collective annual sales of $170 million from the sale of flexible packaging for health-care products.

Amcor said the divestment was required by the European Commission as part of the company's acquisition of Bemis in February 2019. The sale is expected to close in the coming weeks.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

June 25, 2019 06:23 ET (10:23 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

Finance Manila is owned and operated by ADVFN PLC.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:fm D:20191120 15:54:58