MINNEAPOLIS -- Bemis Company, Inc., has reached an agreement to sell its global pressure sensitive materials business (known as MACtac) to UPM-Kymmene for $420 million. In a separately negotiated transaction, Bemis has reached an agreement to acquire the Walki Films Division of UPM-Kymmene for $70 million.
MACtac recorded global net sales of $491 million in 2001. The sale of MACtac includes all elements of Bemis' global pressure sensitive materials business including manufacturing facilities in Columbus, Ind.; Hopkins, Minn.; Nellis, Nev.; Stow, Ohio; Scranton, Pa.; Soignies, Belgium; and San Luis Potosi, Mexico.