Bemis Company President and CEO William F. Austen said: "This transaction will support Bemis' growth strategy to expand in South American markets that fit our strengths and capabilities.
"Emplal's rigid packaging operations are state-of-the art facilities that will complement our existing South American business. We expect this acquisition to be modestly accretive to earnings per share in 2016."
With 2014 net sales from continuing operations of $4.3 billion, Bemis operates 60 facilities in 11 countries and has more than 17,000 employees around the world. The company specializes in polymer chemistry, film extrusion, coating and laminating, printing and converting.