Bemis: Purchase of flexible assets of Masterpak

Bemis Company has completed the purchase of certain flexible packaging assets of Masterpak S.A. de C.V., including a converting facility in Tultitlan, Mexico. The assets produce flexible packaging for dry foods, personal care products, pharmaceuticals, confectionery and bakery products. Bemis owns 51 per cent of the acquired business, along with its Mexican joint venture partner. Jeffrey Curler, chief executive of Bemis Company, said: ‘This investment will provide an opportunity to expand our current film technology into the Mexican packaging market and is expected to be modestly accretive to Bemis’ EPS in 2004.’ The new flexible packaging business will focus on supplying the packaging needs of Mexican food and consumer goods markets.

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