Amcor PLC (NYSE:AMCR) has completed the sale of ESE World to a private equity and debt consortium while testing Kelpi’s seaweed coating on AmFiber to assess recycling and production performance, with the ESE deal advised by Greenhill and Latham & Watkins and financed by Pacific Avenue Fund II, a European sidecar and General Atlantic debt.
Previous Week Recap
- Amcor Sells ESE World: Amcor (AMCR) completed sale of ESE World on June 30, 2026. ESE, a European waste/recycling container supplier (~€300M revenue), will operate independently; deal financed by private equity and debt.
- Kelpi Seaweed Coating Tested: Amcor (AMCR) is testing Kelpi’s seaweed-based coating on its AmFiber paper packaging to evaluate barrier performance, recycling compatibility, run speed on Amcor lines, and commercial suitability.
- Amcor Deal Backed By Pacific Avenue: Amcor PLC (AMCR) advised by Greenhill and Latham & Watkins on a deal funded by Pacific Avenue Fund II and European sidecar, with debt from General Atlantic.
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