UPFRONT

Bemis Drops Sale of MACtac

MINNEAPOLIS—Bemis Co. reportedly has dropped the planned sale of its adhesive label maker, MACtac, to UPM-Kymmene. Bemis officials said an opinion released recently in U.S. District Court for the Northern District of Illinois blocked the sale. The injunction had been sought by the U.S. Department of Justice, which had antitrust concerns. On April 15th, UPM-Kymmene received notice that the Antitrust Division of the U.S. Department of Justice had filed a civil antitrust lawsuit to block the acquisition. The EU Commission and Canadian competition authorities had already approved the transaction.