Packaging group Amcor Ltd
(ASX:AMC) says it plans to restructure its organisation and reshuffle senior management as it prepares for its $2.2 billion dollar acquisition of Rio Tinto’s Alcan Packaging operations.
The restructure is subject to confirmation of the Alcan deal, which is still under review in Europe and the United States.
In a statement to the Australian Securities Exchange - Amcor says the Alcan operations will be split up and combined with various new and existing Amcor divisions.
Under the proposal - the group structure will include Amcor Flexibles - Europe and Americas, a combination of Amcor Flexibles Food and Flexibles Healthcare with Alcan Packaging Global Pharmaceutical and Food Europe.
It also includes Amcor Tabacco Packaging, Amcor PET Packaging and Amcor Sunclipse.
The presidents of all the business groups will report directly to managing director and chief executive officer Ken Mackenzie.
Amcor’s 2009 net profit was $211.7 million.
