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The Amcor takeover of US-based Bemis has taken one more step towards completion, with shareholders in both companies voting overwhelmingly in favour of the deal.

75 per cent of Amcor votes were cast in favour of the merger, and 96 per cent of Bemis votes. The deal remains subject to US antitrust approval before it can go ahead, said Amcor in a statement to the ASX.

“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,” Amcor said.

The deal was announced last year in a bid to expand Amcor's US presence, and Amcor will list on the New York Stock Exchange once it is complete.

Food & Drink Business

Murray River Organics has partnered with Coles to enter the $1 billion breakfast cereal category, with the consumer brand launch of a new range of organic mueslis in 800 stores nationwide. It is expected to raise $5 to $6 million in revenue per annum.

The May/June issue of Food & Drink Business is out. It features our annual classified industry directory, a bumper 14-page processing & packaging tech update and loads of features on what's happening in the sector.

B2B beverages marketplace Kaddy has raised $3.5 million in funding, with the new funds aimed at helping the start-up enhance its platform capabilities, grow the team and expand interstate.