Bemis Co. buys Chinese specialty film company

By Gayle S. Putrich
Staff Reporter

Published: July 1, 2013 2:00 pm ET
Updated: July 1, 2013 4:23 pm ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Film & Sheet, Extrusion, China

Bemis Co. Inc. is expanding its Asia-Pacific holding with the purchase of Foshan New Changsheng Plastics Films Co. (NCS), a specialty film manufacturer in Foshan, China.

Neenah, Wis.-based Bemis announced the deal on July 1.

Details of the deal were not immediately available at the sellers’ request, but more information will be released later this month in conjunction with Bemis’s earnings statement, said Vice President and Treasurer Melanie Miller. The purchase is not expected to impact Bemis’ earnings per share guidance for 2013, according to the company.

“NCS has strong customer relationships and expertise in specialty film manufacturing for food packaging, personal care packaging, consumer electronics and specialty applications,” said Henry Theisen, Bemis president and CEO in a news release. “Their newly expanded manufacturing facilities will also be capable of manufacturing film for sensitive medical device and pharmaceutical applications. With this new specialty film platform, we are well positioned to increase our market position in the Asia-Pacific region.”

The NCS purchase is far from the first Chinese venture for Bemis, Miller said.

“We have been producing medical device packaging out of Malaysia and Suzhou, China for many, many years,” she said. In addition to holdings in New Zealand and Australia, Bemis acquired a China-based packaging converting facility in 2011. That facility was already a film customer of NCS’s, Miller said.

“That’s been a great. Before that we weren’t really in food packaging in China,” Miller said. “This is a complement to and in support of our existing Pacific operations. They produce a lot of unique films and we’re very excited about this acquisition because it’s our first film platform in the Asia-Pacific region.”

Bemis, founded in 1858, is North America’s largest film and sheet manufacturer with annual sales of $5.3 billion, according to the most recent Plastics News ranking.


Comments

Bemis Co. buys Chinese specialty film company

By Gayle S. Putrich
Staff Reporter

Published: July 1, 2013 2:00 pm ET
Updated: July 1, 2013 4:23 pm ET

Post Your Comments


Back to story


More stories

Image

Canadian mold maker Thibault adding to new operation in Mexico

August 27, 2014 3:19 pm ET

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it...    More

Image

Sinopec licenses PP technology to USA, posts half-year results

August 26, 2014 11:46 am ET

China's state-owned petrochemical giant Sinopec Corp. said it is licensing polypropylene polymerization technology to a U.S. plant for the first time ...    More

Image

Megadyne buying Belt Corp. of America

August 26, 2014 10:35 am ET

In a move aimed at building its specialty belting manufacturing and fabrication operations, Jason Industrial Inc. — Megadyne SpA's wholly owned ...    More

Image

Sonoco buys Germany's Weidenhammer, plans for thin-walled packaging growth

August 25, 2014 1:41 pm ET

Sonoco Products Co.'s acquisition of Weidenhammer Packaging Group GmbH of Germany includes plastic packaging technology that the company is targeting ...    More

Image

Deceuninck buys PVC window maker Pimas, adds capacity in Turkey, Russia

August 25, 2014 2:26 pm ET

European building products manufacturer Deceuninck Group has acquired 81.2 percent of Pimas Plastik Insaat Malzemeleri AS, the leading PVC window prof...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events