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

PET film maker Evertis expanding production in Mexico, Brazil, Portugal

November 20, 2014 2:52 pm ET

Evertis, a PET film maker, is expanding production at plants in Mexico, Brazil and Portugal, the company said.    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Image

Molder Carclo expands in China, chasing medical growth

November 19, 2014 3:44 pm ET

U.K.-based injection molder Carclo plc is “significantly” expanding its Chinese medical manufacturing capacity with a new factory, as the ...    More

Russian industrial film maker converting to food packaging film

November 19, 2014 9:46 am ET

Tasma, an 80-year-old Russian producer of technical industrial films which supported the USSR war effort during World War II, has assumed a new role a...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events