In a move that furthers consolidation the flexible packaging industry, Bemis Co. has purchased Alcan Food Packaging Americas. The deal, for $1.2 billion in cash and stock, is expected to close this year. It will include 23 facilities in the United States, Canada, Mexico, Brazil, Argentina, and New Zealand. Bemis acquired the business from Alcan's parent,rnBrazil-based mining company Rio Tonto. Flexible food packaging is expected to increase from 57% to 70% of Bemis' total sales as a result of the acquisition.
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