Bemis Company, Inc. announces that it has acquired the common stock of Shield Pack, LLC of West Monroe, La., 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,” says Henry Theisen, president and CEO 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.”
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, Wisc., Bemis employs over 20,000 individuals worldwide.