Bemis to Acquire Belgian Flexible Packaging Company.MINNEAPOLIS--(BUSINESS WIRE)--April 7, 1998--Bemis Company (NYSE NYSE See: New York Stock Exchange : BMS BMS abbr. Bachelor of Marine Science ) today announced that it had reached an agreement to acquire Techy tech·y adj. Variant of tetchy. Adj. 1. techy - easily irritated or annoyed; "an incorrigibly fractious young man"; "not the least nettlesome of his countrymen" International S.A., a manufacturer of flexible packaging materials based in Charleroi, Belgium. Techy had 1997 sales of approximately $12 million. The terms of the acquisition were not disclosed. Last month, Bemis announced the formation of a joint venture with Dixie Toga S.A., a leading flexible packaging company in Brazil. Commenting on the Techy acquisition, John H. Roe, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bemis said "The acquisition of Techy is another important step in Bemis' global expansion. The two companies serve many of the same key customers and the addition of Techy to the Bemis family gives us an excellent platform for growth in the European market. In addition, our technology will enable Techy to better serve its current customer base in Europe." Bemis is one of the largest flexible packaging companies in North America and a leading manufacturer of pressure sensitive materials world wide. CONTACT: Bemis Company, Minneapolis Robert F. Kleiber, Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. (612) 376-3030 |
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