Bemis Company to acquire Emplal Participações
The rigid packaging business includes two facilities in Brazil and the transaction is expected to close by the end of 2015.
William Austen, president/CEO, Bemis Company, said the transaction will support Bemis’ growth strategy to expand in South America.
“Emplal’s rigid packaging operations will complement our existing South American business. We expect this acquisition to be modestly accretive to earnings per share in 2016,” he added.
Emplal Participações recorded annual net sales of approximately $75m in 2014.