Bemis and UPM terminate label deal

Jeff Curler, president and chief executive officer of Bemis says. “We are obviously disappointed that the transaction could not be completed. With this issue now behind us, we will continue to manage our pressure sensitive materials business to improve profitability, strengthen our manufacturing efficiencies, and re-establish a commitment to our customers.”

Bemis Company is a leading supplier of flexible packaging and pressure sensitive materials used by food, consumer products, manufacturing, and other companies worldwide. Founded in 1858, the Company reported 2002 sales of US$2.4 billion. The proposed purchase by UPM of the Bemis pressure sensitive division was seen as a response to the Avery Dennison – JAC merger announced 18 months ago.

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