Article: Bemis buys S. America businesses.(News)

Byline: Michael Lauzon

Bemis Co. Inc. has expanded its rigid packaging business in South America through two acquisitions.

Bemis bought three plants in Brazil and one in Argentina from Huhtamaki Oyj. They join Bemis' nine plants in Brazil and one in Argentina.

The Neenah, Wis., firm paid about $43 million for the former Huhtamaki operations. They generated sales of about $85.8 million in 2008. The plants make extruded sheet, yogurt cups, drink cups, dairy tubs and similar packaging using thermoforming and injection molding. Main markets are dairy and food service. They employ a total of about 640.

"This business will complement our ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!