Bemis Co. to acquire rigid packaging operations in Brazil


Flexible packaging products maker Bemis Co. (Neenah, WI) is set to buy 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 $75 million in 2014. Terms of the agreement have not been disclosed and the deal is expected to be final by end of the year.

Bemis Company President and CEO William F. Austen said: "This transaction will support Bemis' growth strategy to expand in South American markets that fit our strengths and capabilities.

Read more