Bemis Company acquires Brazilian company

Freeman Staff

Dec. 1, 2015

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 the announcement.

“This acquisition 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.”

This transaction 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.