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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.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
