Kekst & Co. is working with Australia’s Amcor Ltd. as it announced today a $6.8B stock deal to acquire consumer packaging rival Bemis Co. of Neenah, Wis.
Bemis, which has faced pressure to boost profits from activist investor Starboard Value, supplies packaging to healthcare companies and CPG giants such as Kraft-Heinz.
Amcor, which employs 35K employees in more than 40 countries, generated $9.1B in fiscal 2017 revenues.
Bemis had 16K workers and generated $4B in last year sales.
Amcor stockholders will own 71 percent of the combined entity that will have its primary listing on the New York Stock Exchange.
Kekst’s team is led by Jim Fingeroth, Daniel Yunger, Adam Weiner, Kirsten Chalke, Connor Moriarty and Simone Leung.
Joele Fank, Wilkinson Brimmmer Katcher’s Matthew Sherman and Sharon Stern represent Bemis.