Hood Packaging buys Bemis Paper Packaging

Bemis' Paper Packaging division recorded sales of approximately 160 million USD in 2013. The sale of the Paper Packaging division includes the offices and manufacturing facilities located in Omaha, Nebraska, Crossett, Arkansas, Vancouver, Washington and Minneapolis, Minnesota.

Hood Packaging, a privately-held company headquartered in Madison, Mississippi and Burlington, Ontario, supplies paper flexible packaging and bags, consumer plastic packaging, and industrial plastic packaging from its facilities located across the United States and Canada.

Henry Theisen, Bemis Company chairman and chief executive officer, said: ‘Today's announcement represents an opportunity for our Paper Packaging business to be part of Hood Packaging's growing paper packaging products business.

‘The sale of this division will allow Bemis to focus our resources on strategic opportunities in high-barrier flexible packaging, medical and pharmaceutical packaging, and developing geographic markets.’