MINNEAPOLIS-Bemis Co. Inc. plans to buy the medical packaging portion of Hargro Packaging. The companies announced Dec. 13 that they had signed a memorandum of understanding. The medical packaging business, known as Hargro Health Care, is located in Chicago and has sales of about $17 million. Medical packaging has not been a significant part of the product mix at Minneapolis-based Bemis, which does film extrusion and converting. Hargro, based in Exton, Pa., is a film converter with some extrusion capacity.
Officials at neither company would comment on the deal until a definitive agreement is reached, which is expected in the first quarter of 1994.