Acquiring Bemis’ Operations in packing

Exopack Holding Corp. is acquiring Bemis Co.’s plastics packaging operations in Menasha, Wis. and Tula, Okla., for around $81 million, subject to post-closing adjustments The acquisition includes production equipment and intellectual property.

Under the terms of an order signed by the U.S. District Court for the District of Columbia earlier this year, Bemis was required to divest the two facilities, which were part of its acquisition of Alcan Packaging Food Americas. The sale of the facilities is subject to regulatory approval.

Exopack is a manufacturer of paper and plastic packaging products. The company specializes in substrate development, film extrusion, printing, lamination, and converting of flexible packaging products.

“This purchase of the Menasha and Tulsa facilities reflects our commitment to our customers and other key stakeholders that we will continue to expand our capabilities and product offerings and strengthen the presence of the Exopack brand in the global marketplace,” says Jack Knott, Exopack chairman and CEO.