Bemis completes Clysar buy
US-based Bemis for $142 million.
Bemis has announced that it has completed the acquisition of the global Clysar shrink film business of E.I. DuPont de Nemours for $142 million.
The company will now be renamed Bemis Clysar and will continue to supply polyolefin shrink film for the display, protective packaging and food markets. It will operate from two plants, in Clinton, Iowa and Le Trait, France.
Bemis is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing and other companies worldwide.
The acquisition of Clysar was announced in June this year, when Bemis' president, Jeffrey Curler, said that the brand would "broaden our product reach to the worldwide industrial shrink film market, bringing with it sophisticated, patented technology and a strong customer distribution system.
"The process will also offer our research engineers new opportunities to generate proprietary packaging solutions for our global food and consumer products customers."
