Amcor plc announced on December 30, 2024, the completion of the sale of its 50% interest in Bericap North America (BCNA) for $122 million. The transaction closed on December 27, with the proceeds immediately utilized to reduce Amcor's debt.
For fiscal year 2024, the BCNA joint venture contributed approximately $190 million in total sales and $19 million in adjusted EBIT, which were previously fully consolidated under Amcor's Rigid Packaging business. Adjusted net income attributable to Amcor for fiscal 2024 was approximately $8 million.
The company reiterated that, net of the resulting reduction in interest expense, the transaction is not expected to have an impact on Amcor's financial outlook for fiscal year 2025. This divestiture aligns with Amcor's disciplined approach to capital allocation and portfolio optimization.
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