Report says bidders lining up for Rexam healthcare arm

PLASTICS & RUBBER WEEKLY

Published: August 14, 2013 4:05 pm ET
Updated: August 14, 2013 4:09 pm ET

Related to this story

Topics Mergers & Acquisitions, Medical, Packaging
Companies & Associations Rexam PLC

London-based packaging giant Rexam plc, is said to be attracting interest for its healthcare business from trade rivals and private equity groups.

Sources told the Reuters news agency that the division, which Rexam announced in June was up for sale, could go for around 650 million pounds ($1 billion).

Reuters reported that the sources said companies including Germany's Gerresheimer and Berry Plastics, based in the United States, could be interested.

Additionally, private equity firms such as Cinven, Carlyle, Permira and Bain Capital could be in the frame to do a deal.

Rexam chief executive Graham Chipchase told analysts earlier this month that the healthcare arm, which recently reported 23 million pounds of half year underlying pre-tax profit on sales of 224 million pounds, was attracting lots of interest, but that due to anti-trust issues and an expected works council process any sale was unlikely to happen until next early next year.

Last summer Rexam sold its personal care packaging business.


Comments

Report says bidders lining up for Rexam healthcare arm

PLASTICS & RUBBER WEEKLY

Published: August 14, 2013 4:05 pm ET
Updated: August 14, 2013 4:09 pm ET

Post Your Comments


Back to story


More stories

Image

Deal combines US packaging thermoformers

July 28, 2014 12:42 pm ET

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of...    More

Image

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move...    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events