CADE Approves acquisition of Bemis by Amcor

The Administrative Council for economic Defense (Cade) approved the acquisition of Bemis by Amcor without restrictions. Companies act with flexible packaging and rigid, providing products to sectors such as health, food and consumer goods. According to the entity, the agreement does not represent competitive concerns on the national market of rigid plastic packaging, because companies will have lower joint participation after the merger. However, in the segment of flexible plastic packaging, was identified a high market share of manufacturers in a post operation.