Bemis Company Announces New Reportable Business Segments
Source: Bemis Company, Inc.
NEENAH, WISCONSIN, January 10, 2013 - Bemis Company, Inc. (NYSE:BMS) today announced that it has realigned its segment reporting. As a result, Bemis will report business segment information for three reportable segments as follows: U.S. Packaging, Global Packaging, and Pressure Sensitive Materials. The expansion from two to three reportable segments reflects the separation of the Flexible Packaging business segment into U.S. Packaging and Global Packaging business segments. The Pressure Sensitive Materials business segment is unchanged.
The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging business segment includes all Bemis' packaging-related manufacturing operations located outside of the United States as well as our global medical device and pharmaceutical packaging manufacturing operations.
For detailed financial information on the Company's new reportable segments, please refer to the following tables, recasting previously issued information into the new format. Bemis will be reporting under this new business segment structure during its fourth quarter and full year 2012 earnings call scheduled for January 31, 2013 at 10:00 a.m. (ET).
ABOUT BEMIS COMPANY, INC.
Bemis Company, Inc. is a major supplier of packaging and pressure sensitive materials used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, the Company is included in the S&P 500 index of stocks and reported 2011 net sales of $5.3 billion. The Company's packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs approximately 20,000 individuals worldwide. More information about the Company is available at our website, www.bemis.com.
For additional information please contact:
Melanie E. R. Miller
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