Bemis completes sale of paper packaging division to Hood Packaging
Elyse Blye
NEENAH, Wisconsin
,
April 1, 2014
(press release)
–
Bemis Company, Inc. (NYSE:BMS) announced today that it completed the sale of its Paper Packaging Division. As previously announced, Bemis reached an agreement to sell its Paper Packaging Division to Hood Packaging Corporation, a privately-held company headquartered in Madison, Mississippi and Burlington, Ontario. Terms of the agreement were not disclosed.
XMS Capital Partners, LLC acted as the exclusive financial advisor to Bemis Company for this transaction.
ABOUT BEMIS COMPANY, INC.
Bemis Company, Inc. is a major supplier of packaging and pressure sensitive materials used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, Bemis is included in the S&P 500 index of stocks and reported 2013 net sales of $5.0 billion. Bemis has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs approximately 19,000 individuals worldwide. More information about Bemis is available at our website, www.bemis.com.
Contacts
Bemis Company, Inc.
Erin M. Winters, 920-527-5288
Director of Investor Relations
or
Melanie E. R. Miller, 920-527-5045
Vice President and Treasurer
or
Bemis Company, Inc.
One Neenah Center, 4th Floor
P.O. Box 669
Neenah, Wisconsin 54957-0669
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