Bemis Company Acquires Shield Pack
(Thomson Reuters ONE) -
NEENAH, WISCONSIN, December 1, 2011 - Bemis Company, Inc. (NYSE-BMS) today
announced that it has acquired the common stock of Shield Pack, LLC of West
Monroe, Louisiana, a manufacturer of high barrier liners for bulk container
packaging with annual net sales of approximately $25 million. Details of the
transaction were not disclosed. This transaction does not impact Bemis' earnings
per share guidance for 2011.
"This acquisition expands our reach into new market applications for bulk
liquids and other products that require barrier packaging," said Henry Theisen,
President and Chief Executive Officer of Bemis Company, Inc. "Shield Pack's
expertise in moisture and oxygen barrier technology complements our existing
technological capabilities and our focus on high barrier packaging solutions."
Statements in this release that are not historical are considered "forward-
looking" and are subject to certain risks and uncertainties. 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, including the impact of currency, changes in cost or availability of
raw materials, and consumer buying patterns under certain economic conditions.
Additional factors are detailed in the Company's regular SEC filings including
the most recently filed Form 10-K for the year ended December 31, 2010.
ABOUT BEMIS COMPANY, INC.
Bemis Company is a major supplier of flexible packaging and pressure sensitive
materials used by leading food, consumer products, healthcare, and other
companies worldwide. Founded in 1858, the Company is included in the S&P 500
index of stocks and reported 2010 net sales of $4.8 billion. The Company's
flexible packaging business has a strong technical base in polymer chemistry,
film extrusion, coating and laminating, printing, and converting. Headquartered
in Neenah, Wisconsin, Bemis employs over 20,000 individuals worldwide. More
information about the Company is available at our website, www.bemis.com.
###
Bemis Company, Inc.
One Neenah Center, 4th Floor
P.O. Box 669
Neenah, Wisconsin 54957-0669
For additional information please contact:
Melanie E. R. Miller
Vice President, Investor Relations and Treasurer
(920)527-5045
Kristine Pavletich
Public Relations Specialist
(920)527-5159
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Bemis Company Inc via Thomson Reuters ONE
[HUG#1568365]
Unternehmensinformation / Kurzprofil:
Datum: 01.12.2011 - 23:28 Uhr
Sprache: Deutsch
News-ID 93386
Anzahl Zeichen: 3194
contact information:
Town:
Neenah, Wisconsin
Kategorie:
Business News
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