Amcor has announced it has entered into a binding agreement with Kohlberg & Company for the sale of three former Bemis plants located in the United Kingdom and Ireland for cash consideration of $394 million.
Collectively, these three plants generate annual sales of approximately $170 million from the sale of flexible packaging for certain healthcare products.
The sale remains subject to customary approvals including European Commission approval of Kohlberg & Company as the buyer, and is expected to close in the coming weeks.
