Global, July 6, 2009 – LawFuel.com – Law Firm Announcements – Baker & McKenzie represented Bemis Company, Inc. (NYSE: BMS) in the acquisition of the Food Americas operations of Alcan Packaging, a business unit of international mining group Rio Tinto plc (ASX: RIO.AX), for US$1.2 billion.
According to the agreement, Bemis will acquire 23 Alcan Packaging Food Americas flexible packaging facilities in the U.S., Canada, Mexico, Brazil, Argentina and New Zealand increasing the number of manufacturing locations to 84 worldwide and will add nearly 4,600 employees to Bemis’ global workforce for a total of more than 20,000 employees. These facilities produce flexible packaging for the food and beverage industries. The transaction is expected to close by the end of 2009, subject to customary closing conditions and regulatory review.
Baker & McKenzie lawyers from 25 jurisdictions around the world were involved in the deal. The Firm’s global M&A team was led by corporate partner Dieter Schmitz (Chicago) with assistance from corporate partners Stephen Griesemer (Chicago), Jane Hobson (London), Andres Ochoa-Bunsow (Monterrey), Alberto Mori (Sao Paulo) and Nurhan Aycan (Toronto). The Firm’s global tax team was led by partner John McDonald (Chicago), and the global antitrust team was led by partner David Clanton (Washington, D.C.).
“We are grateful to advise Bemis, a key global player in the food packaging industry, on this strategically important deal. The transaction will build on Bemis’ flexible packaging business with additional technologies, expanded product offerings, and operational synergies,” said Schmitz. “We were able to leverage our global platform to successfully bring this billion dollar deal to signing, in spite of today’s challenging M&A environment.”
Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide. Its headquarters is in Neenah, Wisconsin. More information is available at www.bemis.com.
Alcan Packaging, a business unit of international mining group Rio Tinto Plc, is a global specialty packaging provider for the food, pharmaceutical, beauty and tobacco industries. Its headquarters is in Paris, France, and Alcan Packaging’s Food Americas division is based in Chicago, Illinois. For more information, please visit www.alcanpackagingfood.com.
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