Bemis Reports Delay in Sale of Pressure Sensitive Materials Business
MINNEAPOLIS — Bemis Co., Inc. announced that completion of the previously announced transaction to sell its Pressure Sensitive Materials Business segment to UPM-Kymmene will be delayed until 2003 to accommodate the ongoing review of information by the U.S. regulatory authorities. Bemis anticipates completing the transaction during the first half of 2003. The closing would occur within approximately 30 days of receiving U.S. regulatory approval.
Bemis Co. is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing and other companies worldwide. More information about the company is available at http://www.bemis.com.