02.12.2015

Bemis acquires Brazilian packaging manufacturer

Bemis Company Inc., a Neenah-based manufacturer of packaging used in a wide variety of industries, says it has acquired the rigid plastic packaging operations of Emplal Participaes S.A., a Brazilian manufacturer of plastic packaging for food and consumer products. Financial terms of the deal were not disclosed. Bemis said Emplal Participaes had net sales of approximately $58 million in 2014.

"This acquisition supports our growth strategy to expand in markets that fit our strengths and capabilities," said William Austen, president and CEO of Bemis. "We look forward to integrating these two facilities, which complement our manufacturing capabilities in the region, into our business during 2016. We expect this acquisition to be modestly accretive to earnings per share in 2016."


Related News