Here’s your weekly recap—the most-viewed news stories on our site for the week ended Nov. 23, 2024.
 
Amcor plc and Berry Global Group, Inc. announced they have entered into a definitive merger agreement, pursuant to which Amcor and Berry will combine in an all-stock transaction. Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively. The transaction has received unanimous approval of the boards of directors of both Amcor and Berry and values Berry’s common stock at $73.59 per share.

The combination brings together two highly complementary businesses to create a global leader in consumer packaging solutions, with a broader flexible film and converted film offering for customers, a scaled containers and closures business and a unique global healthcare portfolio. The combined company will have unprecedented innovation capabilities and scale, and be uniquely positioned to accelerate growth, solve customers’ and consumers’ sustainability needs, unlock portfolio transformation and deliver significant value to both sets of shareholders.

Meanwhile, Fibertex Personal Care has adjusted its Malaysian spunmelt output amidst weakened demand from its Asian customers and large-scale production expansion in the market in recent years. In its parent company, Schouw & Co.’s third quarter earnings release, the Denmark-based company reported it has taken a DKK15 million ($2.2 million) charge related to one-off costs related to the operational changes which has led to a significant reduction in employees.

Here are our top 3 most-viewed stories from the past week:

1. Amcor to Buy Berry Global
 
2. Fibertex Personal Care Adjusts Operations in Malaysia
 
3. INDA and EDANA Release Global Nonwoven Markets Report