Bemis selling two U.S. film plants to Expopack
Flexible packaging materials supplier Bemis Company, Inc. is selling two film plants to Exopack Holding Corp. ...
June 15, 2010 by Canadian Plastics
Flexible packaging materials supplier Bemis Company, Inc. is selling two film plants to Exopack Holding Corp. for US$81 million.
The two facilities – in Menasha, Wis. and Tulsa, Okla. – focus on the production of plastic packaging for retail natural cheese and shrink bags for fresh red meat.
Expopack is an affiliate of private investment firm Sun Capital Partners, Inc.
“This purchase of the Menasha and Tulsa facilities reflects our commitment to our customers and other key stakeholders that we will continue to expand our capabilities and product offerings and strengthen the presence of the Exopack brand in the global marketplace,” Jack Knott, Exopack Chairman and CEO, said in a press release. “We are pleased to welcome our newest Exopack employees and look forward to integrating these new facilities into our business.”
Headquartered in Spartanburg, S.C., Exopack is a full-service paper and plastic flexible packaging solutions manufacturer. Bemis, based in Neenah, Wis., supplies flexible packaging and pressure-sensitive materials used in food, consumer and health care products.