Bemis Co. Inc. has agreed to buy Techy International SA of Charleroi, Belgium, giving Bemis its first flexible packaging operations on the European mainland.
``Techy is very nicely positioned,'' Robert Kleiber, director of investor relations at Bemis, said by telephone. ``This acquisition will enable us to service multinational food company clients beyond the United States. It was a very attractive fit for us.''
Techy makes coated and laminated plastic films from a variety of materials, including polyethylene, mainly for the food industry. The company employs fewer than 100. Last year, it had sales of about $12 million.
``The acquisition of Techy is another important step in Bemis' global expansion,'' John H. Roe, Bemis chairman and chief executive officer, said in a news release. ``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.''
Minneapolis-based Bemis also has two plants in the United Kingdom. It plans to expand the Charleroi site in the near future.
With film sales of $804.3 million for the year ended Dec. 31, 1996, Bemis placed No. 4 in Plastics News' survey of North American film and sheet manufacturers. Its primary markets are processed meat, cheese, coffee, condiments, candy and medical packaging. The company reported overall 1997 sales of $1.87 billion.