PRESS RELEASE DATED July 25, 2003 BEMIS COMPANY, INC. 222 South Ninth Street Suite 2300 Minneapolis, MN 55402-4099 For additional information please contact: Melanie E. R. Miller Vice President - Investor Relations and Assistant Treasurer (612)...Purchase and Sale Agreement • July 31st, 2003 • Bemis Co Inc • Converted paper & paperboard prods (no contaners/boxes)
MINNEAPOLIS, MINNESOTA, July 25, 2003 - Bemis Company, Inc. (NYSE-BMS) and UPM-Kymmene (NYSE-UPM) today agreed to terminate their agreement to sell Bemis’ Pressure Sensitive Materials Business to UPM-Kymmene. The companies entered into a purchase and sale agreement on August 21, 2002. On April 15, 2003, the U.S. Department of Justice filed a complaint seeking an injunction to block the transaction. In an opinion released today in the U.S. District Court for the Northern District of Illinois, the Department of Justice was granted an injunction to block the transaction. The companies do not plan to appeal the court decision.
