Rising raw material costs take toll on Bemis

Neenah-based Bemis Company Inc. recently reported first quarter net income of $42.3 million, or 42 cents per share, which was down from $48.3 million, or 45 cents per share, in the same period a year ago. The company’s quarterly net sales grew to $947.2 million from $909.1 million a year earlier. Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide. "This quarter we experienced rising raw material costs, especially with regard to our specialty resin and chemical inputs," said Henry Theisen, president and chief executive officer of Bemis. "In this environment, we continue to expand our product reach into new markets and geographies while maintaining a rigorous focus on cost management, waste reduction and production efficiency."