NEENAH, WI (WTAQ) – Over 500 people in Neenah were told their employer had been sold on Monday, which now leaves them in a period of uncertainty.
Bemis, a global manufacturer of packaging products, which is headquartered in Neenah and employs 515 people locally, was sold to Australian packaging company Amcor on Monday.
The move may leave local employees feeling uncertain about their future, but Elizabeth Pritzl of Fox Cities Regional Partnership see’s reason for optimism.
“It appears that things should continue to grow here,” said Pritzl. “When I did look at some of there past acquisitions that’s how things went and there wasn’t a lot of downsizing.”
The deal to purchase Bemis was $6.8 billion all-stock transaction.
The two companies combining will create a global leader in consumer packaging.
Even with the change, Pritzl remains hopeful that the company will remain active in the town’s culture.
“They’ve been a big staple in seeing the community do well,” said Pritzl. “For as long as I can remember, they’ve been a major part of the community.”
