Amcor Shareholders: Vote 'Yes' for a Sustainable Future with Berry

As Amcor shareholders, you have an exciting opportunity to vote in favor of the proposed merger with Berry Global, a move that promises significant synergies, cost savings, and a more sustainable future. The all-stock transaction, announced on January 15, 2025, will create a global leader in consumer and healthcare packaging solutions, with a combined market capitalization of over $24 billion and adjusted EBITDA of $4.3 billion, including run-rate synergies.

The combined company, Amcor plc, will have an unparalleled product offering, with a broader flexible film and converted film offering for customers, a scaled containers and closures business, and a unique global healthcare portfolio. This enhanced product range will be supported by stronger innovation capabilities, global scale, and supply chain flexibility, enabling the company to better serve customers and drive growth.

One of the key benefits of the merger is the optimized footprint, with approximately 400 production facilities serving customers in over 140 countries. This global reach will allow Amcor plc to provide local access and expertise to global brands while offering global capabilities to local customers. The combined company's extensive network will also enable it to optimize its footprint, servicing customers more efficiently and effectively, and potentially reducing costs.

The merger is expected to deliver over $650 million in benefits by the end of the third year, with the majority of these synergies coming from pre-tax cost synergies. These synergies will be achieved through portfolio transformation, refining the portfolio, and leveraging the combined company's strengths in innovation, sustainability, and customer intimacy. The merger is also expected to result in over 35% adjusted cash EPS accretion and an expected double-digit return on investment for shareholders.

Amcor's commitment to sustainability is a significant driver of the merger. The combined company will have a combined R&D investment of $180 million per annum, focusing on sustainability-minded solutions such as substrates, barriers, fiber, and recycling, as well as digital solutions. This focus on sustainability will enable Amcor plc to provide customers with greater choice and more sustainable packaging solutions, including a wider range of recycled materials, next-generation lightweighting technologies, reuse and recycle-ready capabilities, and differentiated high-barrier paper-based formats.

As Amcor shareholders, you have the opportunity to vote in favor of a more sustainable future with Berry. The merger promises significant synergies, cost savings, and an enhanced product offering, all while maintaining a strong commitment to sustainability. By voting 'yes' for the merger, you are not only supporting the growth and success of the combined company but also contributing to a more sustainable future for our planet.