Key Stats
Amcor is a global packaging solutions company that supplies a broad range of plastic, fiber, metal, and glass packaging products. It has operated through several business segments over its history, including Amcor Rigid Plastics, which manufactures rigid plastic containers for beverages, food, sauces, spreads, and personal care items, along with plastic caps for a wide variety of applications; Amcor Flexibles, which provides packaging for food and beverage — including confectionery, coffee, fresh food, and dairy — as well as for the pharmaceutical sector and home and personal care; and Amcor Australasia and Packaging Distribution, which has historically produced corrugated boxes, folding cartons, aluminum beverage cans, plastic and metal closures, glass wine and beer bottles, multi-wall sacks, and cartonboard and recycled paper products. The company has also held investment positions in associated packaging businesses, including a stake in AMVIG Holdings, principally involved in the manufacture of tobacco packaging.
Amcor was founded by Samuel Ramsden in 1860 and has been headquartered in Australia throughout most of its history, operating today from Zurich, Switzerland. The company is cross-listed on the New York Stock Exchange (ticker: AMCR) and the Australian Securities Exchange (ticker: AMC).
Two deals above all others defined its modern global form: the $6.8 billion acquisition of U.S. flexible packaging company Bemis in 2019 and the combination with Berry Global completed in April 2025, which brought combined annual revenues to roughly $23 billion. Its products reach consumers in more than 140 countries through approximately 400 manufacturing facilities worldwide.
Amcor Founder
Amcor History
Amcor Acquisitions
Amcor’s acquisition history is effectively the story of its transformation from a regional paper company into a global packaging business. The two largest deals — Schmalbach-Lubeca in 2002 and the Alcan packaging businesses in 2010 — established its international rigid and flexible platforms at a scale no organic growth could match. The $2.875 billion Schmalbach-Lubeca purchase made Amcor the world’s largest PET container manufacturer overnight, while the $2.03 billion Alcan deal added critical European and pharmaceutical packaging capacity.
The 2013 demerger of its Australasia business into Orora was as important as any acquisition. It removed an entire operating division and redirected management attention and capital toward the international markets where Amcor was growing fastest. The years that followed brought a series of smaller deals: Nampak Flexibles in South Africa ($22 million, 2015), Encon preforms in the United States ($55 million, 2015), Deluxe Packages in California ($45 million, 2015), Plastics Moulders Limited in Canada ($32 million, 2016), and Alusa in Chile ($435 million, 2016). Each filled a geographic or product gap without straining the balance sheet.
The 2019 Bemis acquisition changed the company’s character entirely. Bemis had $4 billion in annual revenue, a strong position across U.S. protein and healthcare packaging, and deep material science capabilities in flexible films that Amcor’s own R&D valued highly. The merger created Amcor plc, shifted the primary listing to New York, and made North America Amcor’s single largest geography. The U.S. Department of Justice required the divestiture of three plants as a condition of approval, a relatively minor concession relative to the strategic gains.
The Berry Global combination, completed April 30, 2025, is the largest deal in Amcor’s history. Berry brought approximately $12.3 billion in annual revenues, strong positions in containers and closures for healthcare, beauty, and wellness, and a U.S. manufacturing footprint that complemented Amcor’s global flexibles network. The resulting company, still named Amcor plc, has annual sales of approximately $23 billion and expects $260 million of pre-tax synergy benefits to flow through in the first fiscal year alone, building to $650 million by end of FY2028.
Amcor Revenue
The sharp revenue increase in FY2020 reflects the first full fiscal year following the June 2019 Bemis acquisition. Pre-FY2020 figures represent the legacy Amcor business before that deal closed. FY2025 is the first year to include Berry Global contributions, following the April 30, 2025 close date.
Amcor Market Cap
Amcor listed on the NYSE as AMCR in June 2019 following the Bemis close. The chart shows approximate year-end market capitalizations from 2019 through 2025. The 2025 figure reflects the enlarged company after the Berry Global combination, with a significantly higher share count.
Amcor Competitors
Before the Berry Global merger closed in April 2025, Berry was Amcor’s closest rival in flexible packaging. With that combination complete, the primary competitive set has shifted. In flexible packaging globally, Sealed Air Corporation and Mondi Group are the most direct competitors. In rigid containers and closures, Crown Holdings, Ball Corporation, and Silgan Holdings compete on specific product lines. Healthcare and pharmaceutical packaging puts Amcor in competition with Huhtamaki, Constantia Flexibles, and Tetra Pak. The combined Amcor holds roughly 15% of the global flexible packaging market, a position that exceeds any single rival.
| Company | Headquarters | Primary Segment | Revenue (approx.) |
|---|---|---|---|
| Sealed Air Corporation | Elmwood Park, NJ, USA | Flexible packaging, food safety solutions | ~$5.3B (2024) |
| Mondi Group | London, UK / Vienna, Austria | Flexible packaging, containerboard, paper | ~€7.5B (2024) |
| Huhtamaki Oyj | Espoo, Finland | Fiber packaging, flexible, foodservice | ~€4.2B (2024) |
| Silgan Holdings | Stamford, CT, USA | Metal food containers, closures, dispensing | ~$6.5B (2024) |
| Sonoco Products Company | Hartsville, SC, USA | Industrial packaging, consumer packaging | ~$6.8B (2024) |
| Crown Holdings | Yardley, PA, USA | Metal cans, aerosol containers, closures | ~$12.3B (2024) |
| Ball Corporation | Westminster, CO, USA | Aluminum beverage cans, aerospace | ~$14.2B (2024) |
| Graphic Packaging International | Atlanta, GA, USA | Paperboard packaging for consumer goods | ~$9.4B (2024) |
| Tetra Pak | Lausanne, Switzerland | Liquid food cartons, processing equipment | ~$13.4B (2023, est.) |
| Constantia Flexibles | Vienna, Austria | Flexible packaging for pharma, food | ~€2.4B (est. 2024) |
FAQs
When and where was Amcor founded?
Amcor traces its origins to 1860, when Samuel Ramsden — a stonemason from Yorkshire, England — established Victoria’s first paper mill on the banks of the Yarra River in Melbourne, Australia. The enterprise was eventually consolidated as the Australian Paper Mills Company in 1896 and formally incorporated as Australian Paper Manufacturers (APM) in 1926. APM renamed itself Amcor Limited on May 1, 1986. Today the company is legally domiciled in Jersey and headquartered in Zurich, Switzerland.
What does Amcor make?
Amcor produces flexible packaging (pouches, bags, films, foil-based laminates), rigid containers (bottles, jars, and containers for beverages and food), specialty cartons for healthcare and pharmaceutical products, and closures and dispensing solutions. Its customers span food and beverage, healthcare, pharmaceutical, personal care, and pet food sectors. After the April 2025 Berry Global combination, Amcor’s product range expanded into containers and closures for beauty and wellness markets.
What was the Bemis acquisition?
In June 2019 Amcor completed an all-stock acquisition of Bemis Company, a U.S.-based flexible packaging manufacturer, at an enterprise value of $6.8 billion. The deal nearly doubled Amcor’s Americas revenues, expanded its flexible packaging capabilities, and established the combined entity as a new holding company — Amcor plc — listed on the New York Stock Exchange under the ticker AMCR. Bemis had approximately $4 billion in annual revenue at the time of the deal and was particularly strong in protein and healthcare packaging.
Who are Amcor’s main competitors?
In flexible packaging, Sealed Air Corporation and Mondi Group are the most direct rivals. Huhtamaki competes across both flexible and foodservice packaging. In rigid containers and closures, Crown Holdings, Ball Corporation, and Silgan Holdings compete on specific product lines. Constantia Flexibles is a close competitor specifically in pharmaceutical flexible packaging, where Amcor generates a meaningful share of its higher-margin revenues.
What is the Berry Global deal?
On November 19, 2024, Amcor announced a definitive all-stock agreement to combine with Berry Global Group, then the second-largest flexible packaging company in the world, at a deal value of approximately $8.4 billion. The transaction closed on April 30, 2025. The combined company, still named Amcor plc, employs approximately 77,000 people, operates around 400 facilities across more than 40 countries, and targets combined annual revenues of roughly $23 billion. Amcor has identified $650 million in synergies to be fully realized by the end of FY2028, with $260 million flowing through in FY2026 alone.
