Terms of the agreement were not disclosed. This transaction, which is subject to customary closing conditions and regulatory approval, is expected to close during the first quarter of 2014.
Bemis’ Paper Packaging Division recorded sales of approximately $160m in 2013. The sale of the Paper Packaging Division includes the offices and manufacturing facilities in Omaha (Nebraska), Crossett (Arkansas), Vancouver (Washington) and Minneapolis (Minnesota).
Hood Packaging supplies paper flexible packaging and bags, consumer plastic packaging, and industrial plastic packaging from its facilities located across the US and Canada.
Source: Bemis Company
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