Amcor Limited and Bemis Company, Inc. have made significant progress towards closing the all-stock transaction announced on 6 August 2018. All clearances and consents required prior to the Second Court Hearing in Australia and closing of the transaction, including Amcor and Bemis shareholder approval, have been completed with the exception of antitrust approval in the United States. As announced on 22 April 2019, closing remains subject to approval and consent, and filing of a final judgement by the US Department of Justice (DOJ) in relation to the sale of certain Amcor assets located in the US to Tekni-Plex, Inc. These required consents and filings have not yet been finalised by the DOJ. At today’s Second Court Hearing, Amcor intends to present the substantive matters relating to the Scheme of Arrangement for the Court’s consideration, but will request that the Court delay making formal orders until the DOJ consent and filings have been finalised. Amcor intends to seek the formal orders promptly after the DOJ process is complete. Click Read More below for additional information.
As part of its increased expansion in the Latin American pressure-sensitive label market, UPM Raflatac is pleased to announce it will be opening a new slitting and distribution terminal in Santiago, Chile in early 2018. This new terminal will allow UPM Raflatac to improve its service capabilities and offer an expanded range of paper and film products to customers in the Chilean market, particularly in the wine and craft beverage segments.
Currently under construction in the Lo Boza industrial sector adjacent to Santiago International Airport, this brand new facility will join UPM Raflatac’s growing Americas Terminal Network, which includes a number of facilities throughout North and South America. The new terminal will feature two meter-wide slitting capabilities and the company plans to have trimless offerings on select materials.
“UPM Raflatac is proud to expand its operations in South America and our new terminal demonstrates our commitment to the Chilean market and surrounding region,” says Mark Pollard, Senior Vice President, Global Films SBU & Americas Region, UPM Raflatac. “The wine market continues to flourish, and the new terminal gives us the capability to expand our local high quality product portfolio and combine it with best-in-class service. We look forward to further growth opportunities both here and around the world.”