Page 6 - Packaging News Magazine Sep-Oct 2018

(SOURCE: AMCOR)
6
NEWS
www.packagingnews.com.au September-October 2018
TOP CLICKS
1SPC ROLLS OUT
NEW SNACK POUCH SPC’s new on-the-go fruit puree launched in three ranges for different target
markets. The new products
mark SPCS first foray into the 2pouch format. See p42.
CCA OPENS NEW
LINE FOR CLOSURES Coca-Cola Amatil’s Packaging Services Division opened a new line
for manufacturing a three-part
HDPE closure for Powerade 3bottles. See p10.
BROWNES DAIRY’S AUSSIE-FIRST YOGHURT IN SQUEEZE BOTTLE WA dairy company Brownes Dairy has
launched yoghurt in a top- down squeeze bottle manufactured by Pact Group. This is the first pack of its kind in the Australian yoghurt
4category. See p43.
NESTLE BRINGS RECYCLING TO LIGHT Nestlé has rolled out the Australian Recycling Label on its Allens Lollies packs,
the first of a number of its
brands that will adopt the new 5label. See p23.
SUSTAINABLE PACKAGING LEADERS CELEBRATED Australian Packaging Covenant Organisation presented its annual
awards recognising companies who have made major progress towards sustainable
6packaging targets. See p56.
LEADERSHIP SPILL BRINGS DESIGNER $30K Sydney designer Gwen Blake of Boxer & Co. enjoyed overnight success
with her re-usable shopping/ tote bag printed with ‘Ban the Single Use Prime Minister’.
Amcor and Bemis go big
TOP STORIES FROM THE PACKAGING NEWS WEBSITE
AUSTRALIAN packaging giant Amcor has signed an agreement to buy US flexible packaging leader Bemis for $US6.8 billion ($A9.2 billion). The deal is ex- pected to close in 2019 and Am- cor will then list on the New York Stock Exchange (NYSE).
The takeover will expand the reach of both companies, giving Amcor a strong foothold in the North American market and Be- mis the opportunities offered by Amcor’s global network.
“Combining these two com- plementary companies will create the global leader in con- sumer packaging, with the footprint, scale and capabili- ties to drive significant value for shareholders,” Amcor told the ASX in a statement.
Amcor will establish a listing
on the NYSE with a market
capitalisation of about $US17
billion ($A23 billion), explained
Ron Delia, CEO. “The strategic
rationale for this combination
and the financial benefits are
highly compelling for both sets of
shareholders. We are convinced
this is the right deal at the right
time for both companies.” governing dependency of the of $US13 billion. ■
Orora’s growth streak continues
Amcor + Bemis: The big picture.
Amcor identified flexible packaging in the Americas as a key growth priority and this transaction delivers a step change in that region.
UK located in the Channel Is- lands that was identified by the EU last year as one of 17 global tax havens.
Amcor and Bemis will be combined into a holding com- pany called New Amcor and be incorporated in Jersey – a self-
The deal is subject to approval by regulators and both sets of the shareholders. The combined businesses will reportedly have a total revenue
ORORA has posted strong growth for the year ended June 2018 with profit after tax up 12% to $208.6 million and sales reve- nue up 5.2% to $4.2 billion.
“Orora has continued its year-on-year track record ofdelivering earnings growth, strong cash generation and disciplined capital manage- ment to report double-digit
profit growth, despite flat trad- ing conditions in key mar- kets,” Orora managing director and CEO Nigel Garrard said.
“Consolidation and integra- tion of investments was the un- derlying focus in FY18, with a number of asset refresh and in- novation investments made across the business, including the Fibre Packaging New South
pability for corrugated packag- ing will be a game changer. In addition, Orora’s digital print- ing capability on metal cans, he said, is enabling the beverage division to cater to the smaller runs and creative campaigns associated with the emerging and fast growing craft beer and artisan drinks sectors.
Garrard said that the anti- sugar movement was not im- pacting demand for packaging, instead beverage manufactur- ers are innovating to bring to market no-sugar or low sugar alternatives, with predicted growth in non-carbonated soft drink products.
“We anticipate a good pipe- line of this sort of innovation, and we’re optimistic that vol- umes will grow,” he said. ■
Orora MD and CEO Nigel Garrard.
Wales restructure and the introduction of two state-of-the-art high speed digital printers to both the Australasian and North American mar- kets,” he said.
Garrard said the company’s recent sig- nificant investment in digital printing ca-