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Sells interest in JV for $122 million, with proceeds used to reduce debt.
January 2, 2025
By: DAVID SAVASTANO
Editor, Ink World Magazine
Amcor announced it completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million on Dec. 27, 2024, 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 reduc...
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