Amcor plc (AMCR)

Amcor plc is a public limited company incorporated in the Bailiwick of Jersey, with a history of more than 150 years and origins in Australia and the United States. It describes itself as a global leader in developing and producing responsible primary consumer packaging and dispensing solutions for nutrition, health, beauty and wellness categories. It uses materials including paper, aluminum, polymer resins, and recycled and bio-based materials. On April 30, 2025, Amcor completed its merger with Berry Global Group, Inc., a manufacturer of rigid and flexible packaging, and Berry shareholders received 7.25 Amcor ordinary shares per Berry share. Amcor has also changed its fiscal year end from June 30 to December 31, with a transition report planned for the six months ending December 31, 2026.

Amcor has two reportable segments. Global Flexible Packaging Solutions develops and supplies polymer resin, aluminum and fiber based flexible packaging. It had about 36,000 employees at roughly 190 manufacturing and support facilities in 33 countries and generated about 55% of consolidated net sales in fiscal year 2026. Global Rigid Packaging Solutions makes rigid containers, closures, dispensing and pharma delivery devices, and related products. It had about 38,000 employees at roughly 210 facilities in 33 countries and generated about 45% of net sales. Innovation is a stated focus: Amcor spent about $170 million on research and development in fiscal year 2026, has about 1,500 R&D professionals and engineers, operates a global network of Innovation Centers, and owns or licenses more than 5,000 patents and patent applications. It has set sustainability goals, including science-based targets to reach net zero emissions by 2050 and 2030 targets for recycled content.

Amcor sells to thousands of customers in a range of end markets across Europe, North America, Latin America and the Asia Pacific region, including food, beverage and healthcare products. No single customer exceeded 10% of consolidated net sales in the last three fiscal years. Sales are made mainly through a direct sales force supported by product development engineers, design technicians, field service technicians and customer service teams. Demand is moderately seasonal, usually rising toward the middle of the calendar year with higher beverage and food demand in certain markets.

The company's main raw materials are polymer resins and films, paper, paperboard, inks, solvents, adhesives and aluminum. These are bought from a variety of global sources, and Amcor is not significantly dependent on any one supplier. Raw material price increases are generally passed on to customers over time, including through contractual mechanisms. Competition is strong and centers on service, sustainability, innovation, quality and price. Named competitors include 3M, AptarGroup, Avery Dennison, Ball Corporation, Crown Holdings, Graphic Packaging International, Huhtamaki, International Paper, O-I Glass, Orora, Packaging Corporation of America, Silgan, Smurfit WestRock and Sonoco, along with privately held companies. At June 30, 2026, Amcor had about 75,000 employees, roughly 39% in North America, 34% in Europe, Middle East and Africa, 12% in Latin America and 15% in Asia Pacific. About 37% are covered by collective bargaining agreements. Its operations are subject to environmental, health and safety laws in many jurisdictions.