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Bemis Company Receives Approval to Proceed with Dixie Toga Tender Offer


June 9, 2011 - NEENAH

Bemis Company, Inc. (NYSE-BMS) today announced that its wholly owned Brazilian subsidiary has initiated a tender offer process in Brazil for all outstanding publicly owned shares of Dixie Toga S.A. Shares of Dixie Toga S.A. are traded on the So Paulo Stock Exchange ("BM&F Bovespa S.A.").

The total cost of the shares to be acquired in the tender offer, assuming all outstanding shares are tendered, is expected to range between $85 million and $90 million, based upon recent currency exchange rates. The tender offer is subject to Brazilian regulatory procedures and there is no assurance that the tender offer will be completed successfully. If successful, management expects this transaction to be completed during the third quarter of 2011.This transaction is not expected to impact management's earnings guidance for 2011.

Further Information

This announcement is for information purposes only and does not constitute, and must not be construed as, an offer to purchase or a solicitation of an offer to sell securities, pursuant to the tender offer or otherwise. The tender offer is being made in accordance with the documents to be filed pursuant to Brazilian regulations. Dixie Toga S.A. shareholders who accept the tender offer may rely only on such documentation for all the terms and conditions of the tender offer.

Forward Looking Statements

Statements in this release that are not historical, including statements relating to the expected future performance of the Company, are considered "forward-looking" and are presented pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such content is subject to certain risks and uncertainties, including but not limited to the risk thatfluctuations in currency rates could increase or decrease the costs of the tender offer; and the risk that the tender offer is not successfully completed. Actual future results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors which are detailed in the Company's regular SEC filings including the most recently filed Form 10-K for the year ended December 31, 2010.

ABOUT BEMIS COMPANY, INC.

Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, the Company is included in the S&P 500 index of stocks and reported 2010 net sales of $4.8 billion. The Company's flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs nearly 20,000 individuals worldwide. More information about the Company is available at our website, www.bemis.com .

For additional information please contact:

Melanie E. R. Miller
Vice President, Investor Relations and Treasurer
+1(920)527-5045

Kristine Pavletich
Public Relations Specialist
+1(920)527-5159

Bemis Company, Inc.
One Neenah Center, 4th Floor
P.O. Box 669
Neenah, Wisconsin 54957-0669


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Bemis Company Inc via Thomson Reuters ONE

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