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Amcor plc is a global leader in developing and producing responsible packaging solutions for various end markets, including food, beverage, pharmaceutical, medical, home and personal-care, and other consumer goods . The company operates through two main segments: Flexibles and Rigid Packaging, offering a wide range of packaging materials and solutions . Amcor's extensive operations span 212 locations across 40 countries, generating significant annual sales .
- Flexibles - Manufactures flexible and film packaging, supplying polymer resin, aluminum, and fiber-based flexible packaging. Employs about 35,000 people across 160 facilities in 36 countries .
- Rigid Packaging - Produces rigid containers for a broad range of predominantly beverage and food products. Employs around 5,000 people at 52 facilities in 11 countries .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Peter Konieczny ExecutiveBoard | Chief Executive Officer (CEO) | None | CEO of Amcor since September 2024. Previously served as Interim CEO, Chief Commercial Officer, and held various leadership roles at Amcor since 2010. | View Report → |
Damien Clayton Executive | Company Secretary | None | Company Secretary as of February 2025. No additional details available in the documents. | |
David Clark Executive | Chief Sustainability Officer | None | Chief Sustainability Officer since September 2024. Has been with Amcor since 2004, advancing sustainability initiatives. | |
Deborah Rasin Executive | General Counsel | None | Joined Amcor in 2022 as EVP and General Counsel. Previously served as Chief Legal Officer at Hill-Rom Holdings. | |
Fred Stephan Executive | Chief Operating Officer (COO) | None | COO since September 2024. Previously President of Amcor Flexibles North America and held leadership roles at Bemis and Johns Manville. | |
Ian Wilson Executive | EVP, Strategy and Development | None | EVP, Strategy and Development since 2000. Focuses on corporate strategy and development initiatives. | |
Michael Casamento Executive | Chief Financial Officer (CFO) | None | CFO since 2015. Previously served as Vice President, Corporate Finance at Amcor. | |
Susana Suarez Gonzalez Executive | Chief Human Resources Officer (CHRO) | None | Joined Amcor in 2022. Previously EVP and Chief HR & Diversity Officer at International Flavors and Fragrances. | |
Achal Agarwal Board | Director | Director at SATS Ltd | Director since 2021. Brings 30+ years of leadership experience in global consumer businesses. | |
Andrea Bertone Board | Director | Chair of Drax Group PLC; Director at Waste Connections Inc. and Peabody Energy | Director since 2019. Former President of Duke Energy International LLC. Brings expertise in global strategy, legal, and regulatory matters. | |
Arun Nayar Board | Director | Senior Advisor at McKinsey & Company; Advisor at ServiceNow; Director at Mastech Digital and GFL Environmental Inc. | Director since 2019. Former CFO at Tyco International. Brings expertise in financial reporting, M&A, and capital markets. | |
David Szczupak Board | Director | None | Director since 2019. Former EVP at Whirlpool Corporation and COO at Dura Automotive Systems. Brings expertise in product innovation and global manufacturing. | |
Graeme Liebelt Board | Chairman of the Board | Director at Australian Foundation Investment Company Limited | Chairman of Amcor since 2012. Former CEO of Orica Limited and held various leadership roles in global manufacturing and operations. | |
Lucr\u00e8ce Foufopoulos-De Ridder Board | Director | Director at Sika Group, Royal Vopak, Tronox Holdings, and Quaker Houghton | Director since November 2023. Former EVP and CTO at Borealis Group. Brings 30 years of experience in specialty chemicals and sustainability. | |
Nicholas (Tom) Long Board | Director | Chairman of Wolverine Worldwide, Inc. | Director since 2017. Former CEO of MillerCoors and held leadership roles at Coca-Cola. Brings expertise in global strategy and marketing. | |
Susan Carter Board | Director | Director at ON Semiconductor Corporation and Pursuit Aerospace | Director since 2021. Former CFO at Ingersoll-Rand Plc and KBR, Inc. Brings expertise in finance, capital markets, and investor relations. |
- With destocking in the healthcare sector still ongoing and continued weak consumer demand in North American beverage, what specific strategies are you implementing to mitigate these challenges and drive volume improvements in these key segments?
- Given the recent leadership transition, how will your strategic priorities evolve, particularly concerning the Rigid Packaging business, and what measures are you taking to ensure stability and continuity amid these changes?
- The European Union's upcoming Plastic Packaging Waste Regulation (PPWR) could pose significant challenges for plastic packaging companies; how do you anticipate this will impact your Flexibles business, and what are your plans to adapt to potential regulatory headwinds?
- Despite better-than-expected earnings in the third quarter, you maintained your fourth-quarter EPS growth guidance at mid-single digits; can you explain why you didn't upgrade your outlook and what risks or uncertainties you foresee that might impact future performance?
- You mentioned that the destocking is largely behind you outside of healthcare; when do you expect destocking in the healthcare sector to conclude, and how might prolonged destocking affect your earnings trajectory and market position in this segment?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
Huhtamaki Oyj | The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
Mayr-Melnhof Karton AG | The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. | |
The company is considered a significant participant in the markets in which it operates, which are highly competitive in areas such as service, sustainability, innovation, quality, and price. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Berry Global Group | 2025 | Acquisition structured as an all-stock transaction where each Berry share converts to 7.25 Amcor shares; the deal is expected to create $650 million in synergies with Amcor shareholders holding 63% post-merger and is slated for completion by mid-2025. |
Small manufacturer of flexible packaging | 2023 | Acquired for $14 million plus $10 million in assumed debt, this purchase aims to expand Amcor’s footprint in India and support local production of sustainable packaging for food, home care, and personal care applications; the purchase price allocation will be finalized within one year. |
New Zealand-based manufacturer of automated protein packaging machines | 2023 | Acquired for $45 million (including $13 million in contingent consideration), this purchase enhances Amcor’s Flexibles segment by adding a total system solution for automated protein packaging; preliminary fair value estimates of assets and goodwill will be confirmed within a year. |
MDK Packaging Materials Co., Ltd | 2023 | Completed on March 17, 2023, for a total of $60 million (including $20 million contingent consideration), this acquisition strengthens Amcor’s position in the Asia Pacific medical packaging market by adding advanced coating and paper-based packaging capabilities, with identified net assets of $20 million and goodwill of $40 million. |
DGPack s.r.o. | 2022 | Acquired on August 1, 2022, for an initial $60 million (with an additional $6 million due later), this deal, which recognized $39 million of net assets and $21 million of goodwill, enhances Amcor’s Flexibles segment, though its effect on consolidated financials is considered immaterial. |
Recent press releases and 8-K filings for AMCR.
- The European Commission granted unconditional antitrust approval for the proposed combination of Amcor plc and Berry Global Group, Inc.
- The transaction is expected to close on April 30, 2025, subject to satisfaction of remaining closing conditions
- Amcor will announce its fiscal 2025 Q3 financial results after the U.S. market close on April 30, 2025, accompanied by a conference call
- Amcor plc announced the pricing of a private offering of $2.2 billion in senior unsecured notes, divided into three classes: $725M at 4.8% due 2028, $725M at 5.1% due 2030, and $750M at 5.5% due 2035.
- The net proceeds will be used to repay existing indebtedness of Berry Global Group, Inc. in connection with Amcor's ongoing merger with Berry.
- The offering is expected to close on March 17, 2025 and includes a special mandatory redemption provision applicable if the merger is not consummated within the specified timeframe.
- Amcor plc and Berry Global have received US antitrust clearance under the Hart-Scott-Rodino Act, fulfilling a key regulatory requirement for their combination.
- The clearance, along with additional approvals from China and Brazil, confirms that the transaction is on track, with an expected close in mid calendar year 2025.
- Amcor plc entered into a Merger Agreement with Berry on November 19, 2024, under which Merger Sub will merge with and into Berry, making Berry a wholly-owned subsidiary.
- Post-merger, Berry Common Stock will be delisted from the NYSE, ceasing its public trading status.
- The document outlines the pro forma financial adjustments, including reclassifications and the removal of Berry’s disposed businesses, to reflect the merger and associated financing transactions.