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Stock impact report

Amcor announces intent to acquire Moda Systems

Amcor plc Ordinary Shares (AMCR) 
Last amcor plc ordinary shares earnings: 2/11 04:15 pm Check Earnings Report
Company Research Source: PR Newswire
Will provide Amcor with fully integrated, production-ready fresh protein packaging solutionZURICH, May 8, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced that it has signed a definitive agreement to acquire Moda Systems, a leading manufacturer of state-of-the-art, automated protein packaging machines.Based in New Zealand, privately-held Moda Systems designs, assembles and supports innovative, high-performance modular vacuum packaging solutions for the meat, poultry and dairy industries. The acquisition will complement Amcor's existing strength in film, positioning the company to offer an end-to-end packaging solution that encompasses primary packaging, equipment, on-site technical service and parts. "This acquisition will enable Amcor to offer an exciting new option and choice in automated protein packaging, making us the only flexible packaging manufacturer to own a high-speed, rotary equi Show less Read more
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