Download this free, 140-page Flexible Packaging Playbook jam-packed with strategies for success, best practices, and pitfalls to avoid.  Learn more »
Glenroy invites you to download this playbook.
This content was submitted directly to this Web site by the supplier.
Article |

Update on regulatory approvals

In August 2009, Amcor announced that it had made a binding offer to acquire certain parts of the operations of Alcan packaging.
FILED IN:  Package Component  > Films
The businesses to be acquired had sales of US$4,082 million in CY2008. The combined Amcor and Alcan Packaging sales are approximately US$13 billion.

The acquisition is conditional on clearance by antitrust and competition authorities in the United States and the European Union, as well as various otherregulatory approvals in other jurisdictions.

On October 26th 2009 the European Commission accepted Amcor's antitrust filing and a decision on that filing was due on November 30th.

There will now be a two week delay on that ruling to December 14th due to a request by the Commission to extend its period of evaluation as well as review the need for a potential remedy.

Although Amcor believes that no part of the transaction will have an adverse impact on competition, we anticipate a remedy, if any, would involve the divestment of an Amcor flexible packaging plant with sales of less than $US100 million. This possible sale of a single plant would not have a material impact on synergies. The combined Amcor and Alcan Packaging businesses in Europe currently have sales of approximately US$4.8 billion in 75 plants.

ADVERTISEMENT
With regard to the other regulatory approvals Amcor has already been granted approval in Australia, Canada, Russia, Turkey and Ukraine, and is expected to obtain feedback from the Department of Justice in the US in the coming weeks.

Comments(0)

Add new comment

E-BOOK SPECIAL REPORT
42 Best Package Designs: 2014 edition
Sign up to receive timely updates from our editors and download this e-book consisting of our editors' picks of most notable package designs. Updated for 2014!
x

 

Newsletters
Don’t miss intelligence crucial to your job and business!
Click on any newsletter to view a sample. Enter your email address below to sign up!
GENERAL INTEREST

New Issue Alert

Packaging World Magazine

eClip

Breaking packaging news

Packaging Insights

Pertinent packaging issues

PACKAGE DESIGN/
DEVELOPMENT

Greener Package

Sustainable packaging

Shelf Impact

Package design strategies

Each newsletter ranges in frequency from once per month to a few times per month at most.

 

indicates a sponsored article that was submitted directly to this web site by the supplier, and was not handled by the PW editorial staff. Packaging World may share your contact information with our sponsors, as detailed in our Privacy Policy. Packaging World will not share your information with a sponsor whose content you have not reviewed.