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Bemis Buys Chinese Packaging Maker

Bemis bought Mayor Packaging, a privately held Chinese maker of consumer packaging, to boost its presence in the Asia-Pacific market.

NEENAH, Wis. (AP) -- Bemis Co. Inc. said Monday it bought Mayor Packaging, a privately held Chinese maker of consumer packaging, to boost its presence in the Asia-Pacific market.

Financial terms were not disclosed.

Bemis said the deal would not affect 2011 earnings.

Hong Kong-based Mayor has a plant in Dongguan, China, that makes packaging for food and consumer-product companies. Bemis makes packaging for food, consumer-product and health care companies.

Bemis shares fell a penny to close at $31.59.