AMC 0.92% $16.21 amcor plc

Sept 1 (Reuters) - Amcor Ltd (AMC) : Amcor announces...

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    Sept 1 (Reuters) - Amcor Ltd (AMC) :

    • Amcor announces acquisition of Sonoco speciality containers (AMC)
    • Says acquisition price of US$280 million represents a multiple of 8.0 times

      LTM EBITDA

    • Announces agreement to acquire the North American rigid plastics blow molding

      operations of Sonoco Products Company

    • Acquisition expected to add US$50 million of PBIT to Amcor's rigid plastics

      segment at the end of the third full year of ownership

    • Total sales of specialty containers in diversified products business will be

      approximately US$750 million inclusive of the acquired business

    • Acquisition remains subject to regulatory approvals in the United States

 
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