NEENAH, Wis. – Bemis Company, Inc. (NYSE:BMS) today announced that it has signed a definitive agreement to acquire the South American rigid plastic packaging operations of Emplal Participacoes S.A., a Brazilian manufacturer of plastic packaging for food and consumer applications. This rigid packaging business, which includes two facilities in Brazil, recorded annual net sales of approximately US$75 million in 2014. Details of the transaction were not disclosed. The transaction is expected to close by the end of 2015, subject to customary closing conditions and regulatory review.
“This transaction will support Bemis’ growth strategy to expand in South American markets that fit our strengths and capabilities,” said William F. Austen, President and Chief Executive Officer of Bemis Company, Inc. “Emplal’s rigid packaging operations are state-of-the art facilities that will complement our existing South American business. We expect this acquisition to be modestly accretive to earnings per share in 2016.”
ABOUT BEMIS COMPANY, INC.
Bemis Company, Inc. (“Bemis” or the “Company”) is a major supplier of flexible packaging used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, Bemis reported 2014 net sales from continuing operations of $4.3 billion. Bemis has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs approximately 17,000 individuals worldwide. More information about Bemis is available at our website, www.bemis.com.
Source: Bemis Company, Inc.
Bemis Company, Inc.
Erin M. Winters, 920-527-5288
Director of Investor Relations