Amcor announced that it has received European Commission approval to proceed with the acquisition of the European businesses of Alcan Packaging that Amcor is purchasing from Rio Tinto.

A condition of this approval is Amcor agreeing to divest its Tobepal operation comprising two plants that have combined sales of approximately EUR 110 million and produce a range of pharmaceutical, personal care and food packaging products. The plants are located in Spain and are part of the Amcor Flexibles operations. The divestment undertaking was required to meet the European Commissions’ concern relating to pharmaceutical sachet and aluminum cold-form foil products. The transaction remains subject to regulatory approval in the United States and consultation with the European Works Council. The combined Amcor and Alcan Packaging businesses in Europe currently have sales of approximately USD 4.8 billion (EUR 3.32 billion) in 75 plants. (ci)