Profile: Bemis Company Inc (BMS)
23 Aug 2017
Bemis Company, Inc., incorporated on May 18, 1885, is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The Company supplies flexible and rigid plastic packaging used by food, consumer products, healthcare, and other companies around the world. The Company's products are sold to customers in the food industry. The Company's other customers include companies in various types of businesses, including chemical, agribusiness, medical, pharmaceutical, personal care, electronics, construction, and other consumer goods.
U.S. Packaging Segment
The Company's U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. This segment manufactures multilayer polymer, blown and cast film structures, which are then converted to produce packaging for processed and fresh meat, dairy, liquids, frozen foods, cereals, snacks, cheese, coffee, condiments, candy, pet food, bakery, lawn and garden, tissue, fresh produce, personal care and hygiene, disposable diapers, and agribusiness. As of December 31, 2016, the U.S. Packaging segment had 27 manufacturing plants located in 13 states, of which 26 were owned directly by the Company or its subsidiaries and one was leased from an outside party.
Global Packaging Segment
The Company's Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations. This segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for a range of food, medical, pharmaceutical, personal care, electronics, and industrial applications. Additional products include injection molded and thermoformed plastic and folding carton packaging. These products include processed and fresh meat, dairy, liquids, snacks, cheese, coffee, condiments, candy, bakery, tissue, fresh produce, personal care and hygiene, disposable diapers, agribusiness, pharmaceutical, and medical devices. As of December 31, 2016, the Global Packaging segment had 32 manufacturing plants located in two states within the United States, the Commonwealth of Puerto Rico, and 11 other countries, of which 27 were owned directly by the Company or its subsidiaries and five were leased from outside parties.
The Company competes with Amcor Limited, Berry Plastics Group, Inc., Bryce Corporation, Coveris Holdings S.A., Printpack, Inc., Sealed Air Corporation, Sonoco Products Company, Wipak OY and Winpak Ltd.
Bemis Company Inc
PO Box 669
NEENAH WI 54957-0669
Company Web Links
- BRIEF-Bemis Co's Q2 sales fell 1.4 percent to $661.5 million
- BRIEF-Bemis Co reports actions to reduce cost structure
- BRIEF-Bemis Company declared a quarterly cash dividend of 30 cents per share
- BRIEF-Bemis qtrly adjusted earnings per share $0.58
- BRIEF-Bemis Company says CEO William Austen's total compensation for 2016 was about $7 mln