Bemis Company Inc.
BMSBusiness Model
ticker: BMS step: 01 generated: 2026-05-13 source: quick-research
Bemis Company Inc. (BMS) — Business Overview
DELISTED — STALE TICKER: Bemis Company Inc. (NYSE: BMS) was acquired by Amcor Limited in an all-stock transaction valued at ~$6.8B. The deal closed June 11, 2019. BMS shareholders received 5.1 Amcor shares per Bemis share. BMS was delisted from the NYSE upon close. The successor public entity is Amcor plc (NYSE: AMCR). See AMCR research files for current coverage.
Business Description (Historical — Pre-2019)
Bemis Company was a leading manufacturer of flexible packaging products and pressure-sensitive materials, serving food, consumer products, healthcare, and industrial end markets. The company operated ~60 manufacturing facilities across the Americas, Europe, and Asia-Pacific with ~$4B in annual revenue prior to the merger.
Key Facts
- Founded: 1858
- Headquarters: Neenah, Wisconsin (at time of merger)
- Acquired by: Amcor Limited (now Amcor plc, NYSE: AMCR)
- Deal close: June 11, 2019
- Exchange: NYSE (delisted 2019)
- Sector / Industry: Materials / Packaging
Financial Snapshot
ticker: BMS step: 04 generated: 2026-05-13 source: quick-research
Bemis Company Inc. (BMS) — Financial Snapshot
DELISTED — STALE TICKER: BMS was acquired by Amcor Limited and delisted June 11, 2019. No current financials exist as a standalone public entity. See AMCR research files for Amcor plc current financials.
Last Reported Financials (Pre-Acquisition, FY2018)
| Metric | FY2016 | FY2017 | FY2018 |
|---|---|---|---|
| Revenue | ~$3.9B | ~$4.0B | ~$4.1B |
| Operating Margin | ~8% | ~9% | ~9% |
| Net Income | ~$190M | ~$210M | ~$220M |
Acquisition Terms
- Acquirer: Amcor Limited (now Amcor plc, NYSE: AMCR)
- Deal value: ~$6.8B (all-stock)
- Exchange ratio: 5.1 Amcor shares per BMS share
- Close date: June 11, 2019
Recent Catalysts
ticker: BMS step: 12 generated: 2026-05-13 source: quick-research
Bemis Company Inc. (BMS) — Investment Catalysts & Risks
DELISTED — STALE TICKER: BMS was acquired by Amcor Limited and delisted June 11, 2019. No actionable investment thesis exists as a standalone entity. See AMCR research files for Amcor plc catalysts and risks.
Historical Context
Bemis was acquired at a ~24% premium to its unaffected share price. The strategic rationale was scale in flexible packaging, cross-selling to food and healthcare customers, and procurement leverage on resin and film inputs. Bemis's North American flexible packaging operations became the backbone of Amcor's Americas segment post-merger.
Research Date
Generated: 2026-05-13
Full Research Available
This primer covers steps 1–3 of 21. The full deep dive includes moat analysis, DCF valuation, bull/bear scenarios, management quality, earnings transcript analysis, competitive positioning, returns on capital, institutional/insider activity, and an investment memo.