Amcor buys US rival Bemis for $6.8bn

Packaging giant Amcor has agreed to buy US rival Bemis for $6.8 billion in a deal that will strengthen the Australian group’s foothold in the Americas. The combined group will boast annual revenues of $13bn and earnings of more than £2bn. Amcor will assume Bemis’ $1.5bn of debt. One of the largest acquisitions in the…