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updated 12:41 PM UTC, Sep 21, 2018

$6.8B Stock Deal To Create "Global Leader In Consumer Packaging"

  • Written by Wheeler
  • Published in News

The purchase of Neenah-based Bemis Company by an Australian competitor is expected to create what a news release calls a "global leader in consumer packaging." 

Amcor will buy Bemis in a six-point-eight-billion dollar all-stock transaction.  The company will be listed on the New York Stock Exchange as New Amcor.  The new company stands to receive one-point-eight-million dollars in tax credits from the Wisconsin Economic Development Corporation so it can convert the Neenah facility from making white paper to a packaging grade product.

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