Industry News

Hood Packaging Buys Bemis Paper Packaging Division

NEENAH, WI—Bemis Co. announced that it has reached an agreement to sell its Paper Packaging Division to Hood Packaging, headquartered in Madison, MS, and Burlington, Ontario. Closing of the deal is expected before March 31, 2014.

The sale encompasses manufacturing facilities and offices in Crossett, AR; Minneapolis, MN; Onaha, NE; and Vancouver, WA.Collectively, their sales were estimated at more than $160 million in 2013.

"The sale of this division will allow Bemis to focus resources on strategic opportunities in high barrier flexible packaging, medical and pharmaceutical packaging, and developing geographic markets," explained Henry Theisen, Bemis' chairman and CEO.