Henry Theisen

NEENAH — Declining demand for its products will lead to job cuts and plant closures for flexible packaging maker Bemis Co. Inc. A company spokesperson said today no timetable has been determined when these decisions would be made but indicated the moves are expected to result in severance charges of about 4 cents per share in its fourth quarter. The company did not disclose any specifics about number of job cuts or locations of plant closures. The Neenah-based company employs about 4,200 people throughout its Fox Valley operations. Bemis Co.’s shares fell Wednesday after the packaging maker said its

Bemis Company announced that it has acquired Mayor Packaging, a privately-owned manufacturer of consumer and specialty flexible packaging, including a manufacturing facility in Dongguan, China.

NEENAH — Bemis Co. on Monday announced it has acquired Mayor Packaging, a privately owned manufacturer of consumer and specialty flexible packaging in China. Financial terms of the transaction, which includes a manufacturing facility in Dongguan, China, were not disclosed. "This acquisition supports our strategy to enhance our presence in the Asia-Pacific region," Henry Theisen, Bemis president and chief executive officer, said in a statement. "The high barrier, flexible packaging operation in Dongguan is a state-of-the-art facility that serves food and consumer product companies around the world." Neenah-based Bemis produces flexible packaging and pressure sensitive label materials. , employing

NEENAH — Flexible packaging maker Bemis Co. Inc. on Wednesday reported second quarter net sales of $1.4 billion, up 7.9 percent from a year ago. Henry Theisen, president and chief executive officer, in statement said the numbers were inline with company expectations. The company expects sales for the remainder of the year to keep pace with 2010 levels, but is concerned about inflationary pressure and consumer spending levels. Bemis Co. is a $4.8 billion producer of flexible packaging and pressure sensitive label materials, employing about 4,200 people in the Fox Valley.

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

The Business Journal Related: Manufacturing Bemis Co. Inc. said Thursday that its board has approved increasing its stock repurchase program to 10 million shares. The share repurchase authorization replaces a previous 3.1-million share buyback program. The approval allows the Neenah-based supplier of flexible packaging and pressure sensitive materials to use a portion of its free cash flow to repurchase shares from time to time through open market purchases, privately negotiated transactions, accelerated share repurchase programs, or predetermined trading plans. Henry Theisen, president and CEO of Bemis Co. (NYSE: BMS), said the board authorization "further demonstrates our confidence in the