Bemis buys Brazilian plastics business

NEENAH, Wis. — Bemis announced it has reached a definitive agreement to acquire the rigid plastic packaging operations of Emplal Participações S.A., a Brazilian manufacturer of plastic packaging for food and consumer applications. This rigid packaging business, which includes two facilities in Brazil, recorded annual net sales of approximately $75 million in 2014. Details of the transaction were not disclosed. The transaction is expected to close by the end of 2015, subject to customary closing conditions and regulatory review.