Bemis Completes Sale of Paper Packaging Business
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Bemis Co., Neenah, Wis., USA, has completed the sale of its Paper Packaging Division. As previously announced, Bemis reached an agreement to sell its Paper Packaging Division to Hood Packaging Corp., a privately-held company headquartered in Madison, Miss., and Burlington, Ont., Canada. Terms of the agreement were not disclosed.Bemis is a supplier of packaging and pressure sensitive materials used by food, consumer products, healthcare, and other companies worldwide. Founded in 1858, Bemis reported 2013 net sales of $5.0 billion, and employs approximately 19,000 individuals worldwide.