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Previous: AUTOMATIC DATA PROCESSING INC, 10-K, EX-27, 2000-09-12 |
Next: BEMIS CO INC, 8-K, EX-2.(A), 2000-09-12 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report — August 31, 2000
(Date of earliest event reported)
BEMIS COMPANY, INC.
(Exact name of Registrant as specified in its charter)
Commission File Number 1-5277
| Missouri |
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43-0178130 |
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
222 South 9th Street, Suite 2300, Minneapolis, Minnesota 55402-4099
(Address of principal executive offices)
Registrant's telephone number, including area code: (612) 376-3000
ITEM 2—ACQUISITION OR DISPOSITION OF ASSETS
Bemis completes purchase of specialty plastic films business from Viskase Companies, Inc.
On July 7, 2000, Bemis Company, Inc. announced that it had signed a definitive agreement to acquire the specialty plastic films business of Viskase Companies, Inc., which supplies a variety of shrinkable barrier bags, films, and cook-in-bags to fresh beef, pork, and poultry processors. It had net sales of approximately $150 million in 1999. The Company intends to continue the specialty plastic films business.
This transaction, which will be accounted for as an asset purchase, was completed on August 31, 2000, with the payment of $228.4 million in cash, subject to a possible post-audit adjustment. The Company has financed this transaction with commercial paper backed up by a short-term bank commitment. Excluded from the assets acquired are approximately $17 million in accounts receivable which remained with the seller.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
C. Exhibits
| 2 | Purchase agreement between Bemis Company, Inc. and Viskase Companies, Inc., and Viskase related Companies listed therein, dated July 7, 2000. (1) | ||
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The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the Commission upon request. |
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| 2 |
(a) |
Amendment No. 1 to purchase agreement between Bemis Company, Inc. and Viskase Companies, Inc., and Viskase related Companies listed therein, dated August 31, 2000. |
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| 99 |
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Press Release dated August 31, 2000. |
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Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BEMIS COMPANY, INC. | ||||||
| By: |
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/s/ BENJAMIN R. FIELD, III Benjamin R. Field, III |
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By: |
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/s/ GENE C. WULF Gene C. Wulf |
| Senior Vice President, Chief Financial Officer and Treasurer | Vice President and Controller | |||||
| Date September 8, 2000 |
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Date September 8, 2000 |
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