Big double-digit sales growth at Bemis just short of expectations

Related topics: Packaging Flexible packaging firm Bemis has reported a big double-digit increase in sales in 2010 following the acquisition of Alcan Food Americas. But shares in the company dipped 3 per cent in trading as the fourth quarter figures missed analyst expectations. Net sales for the full year rose 37.6 per cent to $4.84bn, with the $1.2bn Alcan acquisition, which was completed in March last year, contributing 31 per cent to the growth. And in the fourth quarter, sales reached $1.25bn, boosted by 4 per cent organic growth and 34 per cent acquisition related growth. However, the figure