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Bemis to Acquire Flexible Packaging Assets of Arrow Industries.


Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--June 30, 2000

Bemis Company Bemis Company, Inc. is an American manufacturer of flexible packaging products and pressure-sensitive materials, which are distributed worldwide. Bemis is part of the S&P 500 index. References
  • Form 10-K and Annual Report as of December 31, 2006
, Inc. (NYSE-BMS) today announced that it has agreed to purchase the assets of the flexible packaging business of Arrow Industries in Dallas, Texas. This business had net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 of approximately $33 million during the last twelve months. Terms of the agreement were not disclosed.

Commenting on the acquisition, Jeffrey Curler, President 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 Arrow flexible packaging business will be an excellent add-on to our polyethylene packaging business and is expected to be immediately accretive to Bemis' EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ."

Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 30, 2000
Words:115
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