Amcor announced on December 30, 2024, that it completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million on December 27. The proceeds from this sale have been utilized to reduce Amcor’s debt.
BCNA, a 50/50 joint venture, generated approximately $190 million in total sales and roughly $19 million in adjusted EBIT during fiscal year 2024. This divestiture aligns with Amcor's strategy to optimize its portfolio.
The successful completion of this transaction enhances Amcor's financial flexibility and strengthens its balance sheet. This move allows the company to focus resources on core strategic priorities.
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