Speculation is rife that Amcor could make a takeover bid for rival US-based plastics packaging converter Bemis, which would make it the fourth biggest global packaging concern.

Amcor has a current market value of $18 billion, and Bemis $5.3 billion. It's estimated a combined company would generate sales of US$13.9 billion.

Discussions are rumoured to be at an early stage. Amcor has acknowledged the speculation but not confirmed it, instead has made a generic statement that leaves the door open: “Amcor is continually reviewing opportunities to improve shareholder value and, as part of that process, regularly assesses a range of strategic options.”

Amcor has been on an aggressive acquisition trail in the last three years, including the significant $536 million purchase of South American company Alusa. Other purchases have been made in China, India, Indonesia, South Africa, Brazil, Colombia and Australia.

The acquisition of Bemis at $5.3 billion, would be its biggest to date.

The deal would be in line with Amcor's strategic focus on plastics.


Food & Drink Business

Chinese dairy processor Mongolia Yili Industrial Group Co is rumoured to have launched a substantial offer for Murray Goulburn.

Wiley’s Brisbane office has welcomed 400,000 new workers to its rooftop in a new project to boost Australia's bee population.

Plant milk company Vitasoy has added two popular new additions to its milk alternative range, and changed the name of its product.