Bemis Co. Inc. has signed a definitive agreement to acquire the Food Americas operations of Alcan Packaging, a business unit of international mining group Rio Tinto plc, for $1.2 billion. Bemis will acquire 23 Food Americas flexible packaging facilities in the U.S., Canada, Mexico, Brazil, Argentina, and New Zealand. These facilities produce flexible packaging for the food and beverage industries.rnFor the year ended Dec. 31, 2008, Alcan Packaging Food Americas recorded net sales of $1.5 billion and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately $ 166 million.
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