Amcor completes previously announced sale of BCNA joint venture interest for $122 million; Proceeds used to reduce debt

ZURICH, Dec. 30, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million on December 27, with the proceeds used to reduce debt.

Fiscal 2024 total sales for the joint venture were approximately $190 million and adjusted EBIT was approximately $19 million, both of which were previously fully consolidated under Amcor's Rigid Packaging business. Adjusted net income attributable to Amcor for fiscal 2024 was approximately $8 million. Net of the resulting reduction in interest expense, the transaction is not expected to have an impact on Amcor's financial outlook for fiscal 2025.  

About Amcor

Amcor is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The Company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor people generated $13.6 billion in annual sales from operations that span 212 locations in 40 countries. NYSE: AMCR; ASX: AMC 
www.amcor.com I LinkedIn I YouTube

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Amcor completes previously announced sale of BCNA joint venture interest for $122 million; Proceeds used to reduce debt

Don't miss this one-night only show presented by Collective Minds Asia

HONG KONG, Jan. 2, 2025 /PRNewswire/ -- Indo Warehouse is set to deliver an unforgettable performance at the newly launched SOHO house. The event promises to be an exclusive night of cutting-edge music, immersive visuals, and a dynamic atmosphere, bringing together Hong Kong's music and art communities in a stylish, intimate setting.

Indo Warehouse is known for its unique fusion of immersive global sounds and south asian rhythms, combining house, techno, and traditional music influences to create an energetic, multi-sensory experience. With a reputation for exceptional performances at top venues across the globe, the collective is poised to make its mark at SOHO House, an upscale private members' club that offers a sleek, modern backdrop for this highly anticipated show.

Event Details:

SOHO House, which recently opened its doors in Hong Kong, is known for offering a space where creativity, culture, and community intersect. The venue's intimate yet sophisticated atmosphere will provide the perfect setting for Indo Warehouse's immersive performance, ensuring an evening that is as much about the experience as the music.

Tickets for the event are expected to sell out quickly due to high demand and limited capacity. Guests are encouraged to RSVP early.

Key dates:

Don't miss this exclusive opportunity to experience Indo Warehouse in one of Hong Kong's most exciting new venues. Prepare for an unforgettable night of music, creativity, and celebration at SOHO House Hong Kong.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Highly Anticipated Music Collective Indo Warehouse to Perform at the Exclusive SOHO House Hong Kong, on January 17, 2025