Bemis Updates Pending Alcan Packaging Food Americas Acquisition
NEENAH, Wis.—Bemis Company, Inc. announced that it is involved in discussions with the staff of the Department of Justice regarding their review, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, of Bemis’ pending acquisition of the Food Americas operations of Alcan Packaging, a business unit of international mining group Rio Tinto plc. These discussions include remedies that management believes would resolve the concerns expressed by the Department of Justice about the transaction.
Bemis previously indicated that it had anticipated receiving regulatory approval of the transaction by the end of 2009. While discussions are progressing, management expects that regulatory approval will be received in early 2010.