Bemis buys South American rigid packaging operations of Emplal Participações S.A.
July 24, 2015 by Canadian Plastics
Flexible packaging provider Bemis Co. Inc. has signed a definitive agreement to acquire the South American rigid plastic packaging operations of Emplal Participações S.A., a Brazilian manufacturer of plastic packaging for food and consumer applications.
This rigid packaging business, which includes two facilities in Brazil, recorded annual net sales of approximately US$75 million in 2014.
Details of the transaction were not disclosed. The transaction is expected to close by the end of 2015, subject to customary closing conditions and regulatory review.
“This transaction will support Bemis’ growth strategy to expand in South American markets that fit our strengths and capabilities,” said William F. Austen, president and CEO of Bemis, which is headquartered in Neenah, Wis. “Emplal’s rigid packaging operations are state-of-the art facilities that will complement our existing South American business. We expect this acquisition to be modestly accretive to earnings per share in 2016.”