NEENAH — Bemis
Company, Inc. announced Tuesday it has acquired the
rigid plastic packaging operations of Emplal
Participacoes S.A. Financial terms of the transaction
were not disclosed.
Emplal is a
privately-owned Brazilian manufacturer of plastic
packaging for food and consumer applications. The
company had annual net sales of approximately $58
million at today’s exchange rate in 2014, according to
supports our growth strategy to expand in markets that
fit our strengths and capabilities,” said William F.
Austen, president and CEO of Bemis Company, Inc., in a
statement. “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.”
will not impact earnings per share guidance for 2015,
according to the announcement.
Based in Neenah,
Bemis Company is a supplier of flexible packaging used
by leading food, consumer products, health care and
other companies worldwide.