Amcor has moved closer to completing its Alcan Packaging acquisition after the US Department of Justice (DoJ) approved most of the deal and Alcan owner Rio Tinto formally accepted the US$2BN offer. The DoJ cleared the majority of the deal after terminating the Hart-Scott-Rodinno pre-merger waiting period, although it is still reviewing the Medical Flexibles operation. Medical Flexibles consists of four plants generating sales of US$115M and the review could take up to three months. Amcor MD/CEO Ken MacKenzie said: "This approval is another critical step toward closing the acquisition." Amcor has already received regulatory approval of the sale in Europe, which led to the sale of two Spanish plants, as well as Australia, Canada, Russia, Turkey and the Ukraine.
