Bemis Company, Inc. announced that it has purchased Kanzaki's pressure sensitive materials business which supplies direct thermal pressure sensitive products to printers for labels used for bar coding, shipping and inventory labeling, and a variety of other end uses. Net sales of the business were approximately $78 million in 1999.
Commenting on the acquisition, Jeffrey Curler, president and CEO of Bemis said, ``This product line will be an excellent add-on to our existing roll label business and has very good growth potential. We expect it will be neutral with respect to our EPS in the first year and accretive after that.''
Bemis Company is a supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide.
Explore the September 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
