Bemis Company to Acquire South American Rigid Packaging Operations of Emplal Participações S.A.
July 21 2015 - 05:00PM
Business Wire
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 Participações 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.”
FORWARD-LOOKING STATEMENTS
Statements in this release that are not historical, including
statements relating to the expected future performance of the
Company, are considered “forward-looking,” and are presented
pursuant to the safe harbor provisions of the Securities Litigation
Reform Act of 1995. Such content is subject to certain risks and
uncertainties, including but not limited to general economic
conditions, future changes in cost or availability of raw
materials, the ability to adjust selling prices, consumer buying
patterns, changes in customer order patterns, the results of
competitive bid processes, costs associated with the pursuit of
business combinations or divestitures, plant closures, a failure in
our information technology infrastructure or applications, foreign
currency fluctuations, changes in working capital requirements,
changes in government regulations, and the availability and related
cost of financing from banks and capital markets. Actual future
results and trends may differ materially from historical results or
those projected in any such forward-looking statements depending on
a variety of factors, which are detailed in the Company's regular
SEC filings including the most recently filed Form 10-K for the
year ended December 31, 2014.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150721006107/en/
Bemis Company, Inc.Erin M. Winters, 920-527-5288Director
of Investor Relations
Bemis (NYSE:BMS)
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