Amcor
Categories
#4800
Rank
$1.51B
Marketcap
United States
Country
Achal Agarwal (Board Member)
Alex Chan (CFO, Greater China; VP, Asia Head of M&A and Strategy)
Industrial Manufacturing
Summary
Amcor is a provider of packaging solutions in Australia, Western Europe, North America.
History
1860: Amcor was founded by Samuel Ramsden and is headquartered in Hawthorn, Australia.
1868: Samuel Ramsden builds his own mill and begins production with the Number One Paper Machine.
1885: David Henry Dureau became Brown's Melbourne partner.
1936: Later that year, the 1936 Wood Pulp Agreement Act was passed by the Victorian parliament and led to the establishment of the Maryvale pulp mill.
1944: The company still operated with a decreased staff, but despite this and other hardships--such as a coal strike in New South Wales and further bushfires that year--the company managed to continue the expansion of its mills.
1946: Also, the war demanded self-sufficiency in fuel; the company acquired a controlling interest in Maddingley Brown Coal Pty.
1963: It established the jointly owned Kimberly-Clark Australia Ltd., in partnership with the Kimberly-Clark Corporation of the United States.
1967: Plastipak Holdings history, profile and corporate video Founded that year, Plastipak is still owned and run by members of the Young family.
1975: Stan Wallis became the deputy managing director of APM, which marked the beginning of many years of strong leadership for the company.
1978: APM sets plans in motion to purchase Brown & Dureau.
1986: On May 1, APM became Amcor Limited, a name that has become increasingly well-known throughout the world for its packaging innovation and its global reach. Also, the company adopted the name “Amcor Limited”, in order to better reflect the company's emerging diversity in its holdings. Kiwi Packaging of New Zealand also became a wholly owned subsidiary of Amcor, running five corrugating plants and two sheet plants.
1987: But in August, Amcor received the New Zealand Commerce Commission's decision: the merger would not go ahead.
1988: Bought 46 percent of Sydney's Universal Containers.
1989: In June, Amcor bought Twinpak, the largest plastics container producer in Canada with 13 plants spread across the country. Amcor appointed a new chairman, Sir Brian Inglis. The acquisition accounted for a significant proportion of the 32 percent increase in container packaging sales in the financial year.
1990: In June Amcor Fibre Packaging was formed to manage the group's international corrugated box manufacturing and related activities.
1994: Amcor also began operations at a new paper mill in Prewitt, New Mexico in the United States.
1996: Activity followed suit, as the company again consolidated its holdings with new purchases and the divestiture of inconsistent and unprofitable operations.
1997: The company formed a subsidiary Amcor Europe.
2001: The company acquired CNC Containers, a United States-based PET bottle manufacturer.
2002: Amcor acquired the rigid packaging and closures businesses of Schmalbach-Lubeca, headquartered in Ratingen, Germany.
2003: Amcor bought the PET injection and blow moulding assets of Mexico's Embotelladoras Arca S.A. de C.V.
2004: Amcor found itself at the centre of an investigation by the Australian Competition and Consumer Commission (ACCC) and the New Zealand Commerce Commission (NZCC) for a cartel, or price-fixing, activity.
2005: In July, Ken MacKenzie was named managing director. According to a Wall Street Journal article, MacKenzie promised to "fix, sell or close" unprofitable plants.
2007: Amcor sold its European PET business to La Seda, a Spain-based manufacturer.
2008: Amcor announced the construction of a 400,000-tonnes-per-annum recycled paper mill located at its existing paper mill in Botany, New South Wales.
2010: The Company unveiled its new global brand to reflect the birth of a ‘new Amcor’. The new Amcor pod was created. In 2010, Amcor completed the acquisition of Alcan's food (Europe and Asia) and global pharmaceutical and tobacco businesses from Rio Tinto for US$2.03 billion.
2011: Amcor acquired Marfred Industries, one of the largest independently owned packaging manufacturers and distributors in the United States.
2012: The B9 paper machine produced enough paper to fulfil the company's Australasian paper requirements, and as a result, Amcor's other recycled paper mill in Fairfield, Victoria, closed. Amcor acquired the business assets of Carter & Associates, a major distributor of Amcor glass wine, champagne and spirit bottles in New Zealand.
2015: Amcor's chairman, Graeme Liebelt, advised that Ken MacKenzie would retire as CEO effective 17 April and would be succeeded by Ron Delia. In October, the US$55 million acquisition of Encon, a privately owned preform manufacturing business in the United States, was completed.
2016: Amcor acquired Alusa, the largest flexible packaging business in South America for a purchase price of US$435 million.
2017: Amcor acquired Qite for US$28 million.
2018: Amcor announced the acquisition of Bemis Company, a US-based manufacturer, through the acquisition of US$5.25 billion in shares. Amcor purchased Marfred Industries making it one of the largest independently held package makers and distributors in the United States.
2019: Amcor acquired Bemis Company in an all-stock combination.
Mission
To generate sustainable shareholder value by becoming the premier packaging solutions provider; creating superior customer service relationships and values, and encouraging and rewarding employees to achieve the highest standard of performance.
Vision
Global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home and personal-care, and other products.
Key Team
Arun Nayar (Board Member)
Aluisio Fonseca (President)
David T. Szczupak (Board Member)
Arun Nayar (Board Member)
Dr Armin Meyer (Board Member)
Andrea Bertone (Board Member)
Eric V. Roegner (President)
Burç Erden (Extrusion Chief)
Graeme Liebelt (Board Member)
Damien Clayton (Not Provided)
Jeremy Sutcliffe (Board Member)
David Escobedo Zamora (Chief Accountant / Internal Auditor)
Karen Guerra (Board Member)
David T. Szczupak (Board Member)
Ronald Delia (CEO / President)
Achal Agarwal (Board Member)
Andrea Bertone (Board Member)
References
https://en.wikipedia.org/wiki/Amcor
https://www.zippia.com/amcor-careers-1128324/jobs/
https://www.crunchbase.com/organization/amcor-ltd
https://www.companieshistory.com/amcor/
https://sec.report/CIK/0001324424
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.linkedin.com/company/amcor
Achal Agarwal (Board Member)
Alex Chan (CFO, Greater China; VP, Asia Head of M&A and Strategy)
Industrial Manufacturing