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Bemis

07.07.2016 0

How do Latin-American operational inefficiencies impact Bemis?

According to Zackz, operational inefficiencies in Latin America will impact Bemis' performance. They state that foreign currency headwinds, fluctuations in raw material prices and strong competition remain concerns.

The global packaging segment of Bemis saw a decline in operating profit due to its Latin American (rigid) business.

According to the report, orders were softer due to producers' aggressive pricing actions that were initially resisted by the retailers. 

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02.06.2016 0

Consolidation of the flexible packaging market

Consolidation in the global flexible packaging industry has been ongoing for many years, particularly in North America and Europe. In the recent years, this trend has been extended to Asia, Latin America, and Africa. Major players like Amcor and Sealed Air try to access or strengthen their position in both mature and emerging markets. The example of Sun Capital shows that the interest of private equity in the flexible packaging industry is growing rapidly.

 

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21.04.2016 0

Bemis grows through acquisition

Bemis has signed an agreement to acquire the medical device packaging operations of SteriPack Group.

This acquisition includes a facility in Ireland as well as packaging production assets in Malaysia and the United States. These operations recorded annual net sales of approximately USD 65 million in fiscal 2015. SteriPack Group will continue to independently own and operate its contract manufacturing services business. 

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04.02.2016 0

Bemis reports decrease in sales

The Neenah, WI based packaging giant has recently reported 2015 full year results, with decrease in sales. Packaging net sales in the USA were USD 2747.5 million, which represents a decrease of 4% when compared with the previous year. Operating profit in the USA increased to USD 391.8 million. Global net sales were USD 1323.9 million which represents a decrease of 10.7%. Excluding the negative impact of currency translation, and the acquisition of Emplal, Bemis' net sales increased by 7.2%. 

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