Bemis' Acquisition by Amcor Will Prove Beneficial for Bemis Shareholders
Although Bemis and its peers are fighting higher freight and input costs, margins climbed in two of three segments for the company, due in part to restructuring. North America remained relatively weak. The company generated just over 3% in organic sales growth, but operating income fell roughly 4% from the prior year. However, we think Bemis' plan to shrink its U.S. footprint should eventually boost operating rates and margins. In addition, shareholders should benefit from the still-on-track dea...Bemis is a manufacturer of packaging products. The majority of the company's products are sold to customers in the food industry. The U.S. Packaging segment represents various food, consumer, and industrial products packaging-related manufacturing operations. The Latin America Packaging segment includes various food and non-food packaging-related manufacturing operations located in Latin America. The Rest of World Packaging segment includes various food and non-food packaging-related manufacturing operations located in Europe and Asia-Pacific as well as medical device and pharmaceutical packaging-related manufacturing operations in the U.S., Europe, and Asia.
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