Bemis Company, Inc. : Bemis Company Acquires Shield Pack
12/01/2011| 06:11pm US/Eastern
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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
HUG#1568365
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