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4-Traders Homepage  >  Equities  >  Nyse  >  Bemis Company, Inc.    BMS

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Bemis Company, Inc. : Bemis Company Acquires Shield Pack

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12/02/2011 | 12:11am CET

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.

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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        


HUG#1568365

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Mean consensus HOLD
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Average target price 50,9 $
Spread / Average Target 2,8%
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NameTitle
William F. Austen President, Chief Executive Officer & Director
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