Bemis Company Completes Dixie Toga Tender Offer
NEENAH, WISCONSIN, July 8, 2011 - Bemis Company, Inc. (NYSE-BMS) today announced that its wholly-owned Brazilian subsidiary, Dendron Participacoes Ltda., has completed a tender offer for the purchase of approximately 38 million shares of its Brazilian subsidiary, Dixie Toga S.A. With this purchase, Bemis has increased its ownership from approximately 86 percent to over 99 percent of the total issued and outstanding shares of Dixie Toga, S.A. The total cost of the purchase was approximately US$90 million. Shares of Dixie Toga S.A. are traded on the São Paulo Stock Exchange ("BM&F Bovespa S.A.").
ABOUT BEMIS COMPANY, INC.
Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, the Company is included in the S&P 500 index of stocks and reported 2010 net sales of $4.8 billion. The Company's flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs nearly 20,000 individuals worldwide. More information about the Company is available at our website, www.bemis.com.
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For additional information please contact:
Melanie E. R. Miller
Vice President, Investor Relations and Treasurer
(920)527-5045
Kristine Pavletich
Public Relations Specialist
(920)527-5159
Bemis Company, Inc.
One Neenah Center, 4th Floor
P.O. Box 669
Neenah, Wisconsin 54957-0669
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Bemis Company Inc via Thomson Reuters ONE
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