Exhibit 99.(b)

BEMIS COMPANY, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA

COMBINED CONDENSED FINANCIAL INFORMATION

On March 1, 2010, Bemis Company, Inc. (“Bemis” or the “Company”) completed the acquisition of the Food Americas operations of Alcan Packaging (Food Americas), a business unit of Rio Tinto plc (the “Seller”).  Under the terms of the $1.2 billion transaction, Bemis acquired 23 Food Americas flexible packaging facilities in the United States, Canada, Mexico, Brazil, Argentina, and New Zealand, which recorded 2009 net sales of $1.4 billion.  These facilities produce flexible packaging principally for the food and beverage industries and augment the Company’s product offerings and technological capabilities.  The acquisition was completed through the purchase of the assets of Pechiney Plastic Packaging, Inc., AP Food Americas, LLC, and Alcan Packaging Canada, Ltd. and through the purchase of the outstanding shares of Alcan Packaging Mexico, S.A. De C.V., Alcan Empaques Mexico, S.A. De C.V., Alcan Packaging Thermaplate, Inc., Danaflex Packaging Corporation Limited, Alcan Embalagens Do Brasil Ltda., Envaril Plastic Packaging S.R.L., and Envatrip S.A.

The majority of the financing for this transaction was completed during the third quarter of 2009 through the issuance of $800.0 million of public bonds and 8.2 million common shares issued in a secondary public stock offering.  The remaining cash purchase price was financed through the issuance of commercial paper at the time of closing.

Under the terms of an order signed by the U.S. District Court for the District of Columbia on February 25, 2010, a portion of the acquired business must be divested, which includes two facilities, one located in Menasha, Wisconsin, and one located in Tulsa, Oklahoma.  This portion of the business is related specifically to sales of flexible packaging for retail natural cheese products and shrink bag packaging for fresh beef, veal, lamb, and pork products.  The financial impact of this business to be divested has been reflected as assets or liabilities of discontinued operations in the Unaudited Pro Forma Combined Condensed Balance Sheet and excluded from the Unaudited Pro Forma Combined Condensed Statement of Income presented.

The unaudited pro forma combined condensed financial information has been prepared to illustrate the effect of the acquisition of Food Americas by the Company, including the related financing.  The Unaudited Pro Forma Combined Condensed Balance Sheet combines the historical balance sheets of the Company and Food Americas, giving effect to the acquisition as if it had occurred on December 31, 2009.  The Unaudited Pro Forma Combined Condensed Statements of Income combine the historical statement of income of Bemis and Food Americas, giving effect to the acquisition as if it had occurred on January 1, 2009. The historical financial information has been adjusted to give effect to matters that are (1) directly attributable to the acquisition, (2) factually supportable, and (3) with respect to the statement of income, expected to have a continuing impact on the operating results of the combined company. The unaudited pro forma combined condensed financial information should be read in conjunction with the accompanying Notes to the Unaudited Pro Forma Combined Condensed Financial Statements and:

·                  The audited historical financial statements of Bemis, as of and for the year ended December 31, 2009, included in the Company’s Annual Report on Form 10-K filed with the SEC on March 1, 2010;

·                  The audited historical combined financial statements of Food Americas as of and for the year ended December 31, 2009 which are filed as an exhibit to this Current Report on Form 8-K/A.

The unaudited pro forma combined condensed financial information has been prepared using the acquisition method of accounting. The unaudited pro forma combined condensed financial information will differ from our final acquisition accounting for a number of reasons, including the fact that our estimates of fair value are preliminary and subject to change when our formal valuation and other studies are finalized. The differences that will occur between the preliminary estimates and the final acquisition accounting could have a material impact on the accompanying Unaudited Pro Forma Combined Condensed Financial Statements.

The unaudited pro forma combined condensed financial information is presented for informational purposes only. It has been prepared in accordance with the regulations of the Securities and Exchange Commission and is not necessarily indicative of what our financial position or results of operations actually would have been had we completed the acquisition at the dates indicated, nor does it purport to project the future financial position or operating results of the combined company.  It also does not reflect any cost savings, operating synergies or revenue enhancements that we may achieve with respect to the combined company nor the costs necessary to achieve those costs savings, operating synergies, revenue enhancements, or integrate the operations of the Company and Food Americas.

BEMIS COMPANY, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA

COMBINED CONDENSED BALANCE SHEET

(dollars in thousands, except per share amounts)

See accompanying notes to Unaudited Pro Forma Combined Condensed Financial Statements.

BEMIS COMPANY, INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA

COMBINED CONDENSED STATEMENT OF INCOME

(in thousands, except per share amounts)

See accompanying notes to Unaudited Pro Forma Combined Condensed Financial Statements.

NOTES TO THE UNAUDITED PRO FORMA COMBINED CONDENSED FINANCIAL STATEMENTS

(dollar amounts in thousands)

Note 1 — Preliminary Purchase Price Allocation

The preliminary purchase price for the acquisition was as follows:

The preliminary allocation of the purchase price to the assets acquired and liabilities assumed is based on the estimated fair values at the date of acquisition.  The Company is in the process of finalizing fair market valuations which may require additional adjustments to the purchase price allocation.  Accordingly, the fair values of the assets and liabilities included in the table below are preliminary and subject to change pending additional information that may become known to the Company. An increase in the fair value of inventory, property, plant and equipment or any identifiable intangible assets will reduce the amount of goodwill in the combined condensed financial information, and may result in increased depreciation and/or amortization expense.

The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the acquisition date:

The preliminary allocation resulted in goodwill of approximately $313.2 million, which is attributed to business synergies and intangible assets that do not meet the criteria for separate recognition.  The Company is currently in the process of determining the tax deductibility of the goodwill.

The determination of fair value for acquired intangible assets was primarily based upon discounted expected cash flows.  The determination of useful life was based upon historical acquisition experience, economic factors, and future cash flows of the assets acquired.  The estimated annual amortization expense related to these intangibles for 2010 is approximately $7.0 million, using straight-line amortization, and the same amount has been included in the Unaudited Pro Forma Combined Condensed Statement of Income.  This amount does not include $3.3 million related to Order Backlog, which has not been included in the Unaudited Pro Forma Combined Condensed Statement of Income as it is considered non-recurring.  The fair values and useful lives that have been assigned to the acquired identifiable intangible assets follow:

Inventories reflect adjustments of $16.6 million to record the inventory at its estimated fair market value. This amount is recorded in the December 31, 2009 Unaudited Pro Forma Combined Condensed Balance Sheet.  The

increased inventory valuation will temporarily impact the Company’s cost of sales after closing and therefore it is considered non-recurring and is not included in the Unaudited Pro Forma Combined Condensed Statement of Income.

Net property and equipment reflects an adjustment of $69.4 million to reduce the carrying amount to the estimated fair market value.

Other assets include an adjustment of $4.0 million to record assets related to the indemnity provisions of the Agreement, and are primarily related to tax matters.

A preliminary net deferred income tax asset of $0.3 million has been recognized in accordance with accounting for income taxes.  This amount related to a $4.1 million deferred income tax asset relating to the tax effect on differences between the values assigned and the estimated income tax basis of assets and liabilities acquired, which was partially offset by a $3.8 million deferred income tax liability assumed as part of the sale and purchase agreement.

Note 2 — Adjusted Food America Financial Statements

Under the terms of an order signed by the U.S. District Court for the District of Columbia on February 25, 2010, a portion of the acquired business must be divested, which includes two facilities, one located in Menasha, Wisconsin, and one located in Tulsa, Oklahoma.  This portion of the business is related specifically to sales of flexible packaging for retail natural cheese products and shrink bag packaging for fresh beef, veal, lamb, and pork products.  The financial impact of this business to be divested has been reflected as assets or liabilities of discontinued operations in the Unaudited Pro Forma Combined Condensed Balance Sheet and excluded from the Unaudited Pro Forma Combined Condensed Statement of Income presented.

Balance sheet transaction adjustments represent assets not acquired and liabilities not assumed pursuant to the terms of the sale and purchase agreement. Excluded assets and liabilities primarily include short term borrowings, loans receivable from and loans payable to Seller-related entities, and pension, post-retirement and other employee benefit plan liabilities.

Statement of income transaction adjustments represent the income statement impacts of certain aspects of the sale and purchase agreement and the required divestiture discussed above.  They consist primarily of (i) the elimination of royalty payments to affiliates of the Seller that ceased upon the closing of the acquisition and the transfer of the related patents to the Company ($19.7 million in the year ended December 31, 2009),  (ii) the net addition of certain product sales that were not included in the Food Americas historical financial statement that transferred to the Company after closing, and the elimination of certain product sales that were included in the Food Americas historical financial statement that remained with Seller, and (iii) the continuation of certain fixed costs that will remain with the Company after the divestiture.

The impact of reflecting the business to be divested as assets or liabilities of discontinued operations in the Food America’s balance sheet and balance sheet transaction adjustments are presented below:

The impact of excluding the business to be divested from the Food America’s income statement and transaction adjustments are presented below:

Note 3 — Financing for the Acquisition

On July 27, 2009, we issued $400.0 million of bonds due in 2014 with a fixed interest rate of 5.7 percent and $400.0 million of bonds due in 2019 with a fixed interest rate of 6.8 percent.  The proceeds of these bonds were used as partial funding of the acquisition of the Alcan Packaging Food Americas business completed on March 1, 2010.

During the third quarter of 2009, we issued 8.2 million shares of common stock through a public stock offering.  The $202.8 million of net proceeds from this stock offering was also used as partial funding of the acquisition of the Alcan Packaging Food Americas business.  The remaining cash purchase price was financed through the issuance of commercial paper at the time of closing.

Note 4 — Statement of Income Adjustments to Reflect Preliminary Purchase Price Allocation

Represents the estimated adjustments to amortization and depreciation expense related to the fair value adjustments of certain intangible assets and property, plant and equipment.  Depreciation expense relating to property, plant and equipment and amortization expense relating to Technology are included in Cost of Products Sold, and amortization expense relating to Customer Relationships is included in Selling, general and administrative expenses.

Note 5 — Statement of Income Adjustments to Reflect Financing

This adjustment reflects interest expense relating to debt issued to fund the acquisition as further described in Note 3, partially offset by the elimination of Food America’s historical interest expense relating to debt not assumed.

Note 6 — Non-recurring Acquisition Expenses

This adjustment represents acquisition expenses reported by us in our Form 10-K for the year ended December 31, 2009.  We have reversed these expenses from the Unaudited Pro Forma Combined Condensed Statement of Income on the basis that they are non-recurring.

We expect to incur additional transaction costs, including financial and legal advisory fees, of approximately $12.7 million through 2010.  The total of these costs have been recorded as an increase in long-term debt of $12.7 million, a reduction to accrued income and other taxes of $4.6 million, and a reduction to retained earnings of $8.1 million on the Unaudited Pro Forma Combined Condensed Balance Sheet.

Note 7 — Tax Adjustments

For purposes of these Unaudited Pro Forma Combined Condensed Financial Statements, a blended statutory rate of 36% has been used. This rate is an estimate and does not take into account any possible future tax events that may occur for the combined company.