Rexam healthcare sale 'progressing'

Hamish Champ
PRW

Published: November 14, 2013 11:30 am ET
Updated: November 14, 2013 11:34 am ET

Related to this story

Topics Mergers & Acquisitions Medical Packaging Injection Molding Molds/Tooling
Companies & Associations Rexam PLC

Rexam plc, the packaging giant, said today that the process to sell off its healthcare division was "progressing according to plan."

Financial analysts expect the division, which contributed £427 million of Rexam's total sales of £4.3 billion in 2012, could be sold either side of its December financial year end, with completion following sometime during the first quarter.

The speed of any sale would depend on the type of buyer lined up to take on the business; a private equity deal would be more quickly resolved than a trade buyer which could result in a competition investigation.

Rexam said its overall global volumes in its beverage can business grew 3 percent in the third quarter and while it anticipated some volume increase next year trading conditions would be tough.

Graham Chipchase, Rexam's chief executive, said: "We continue to expect our full year performance to show improvement over 2012.

"We will continue with our strategy of optimising cash, managing costs and driving return on capital employed.

"Our return on capital employed target remains 15 percent, and we are committed to maintaining returns around that level as we take advantage of the opportunities to grow the business."


Comments

Rexam healthcare sale 'progressing'

Hamish Champ
PRW

Published: November 14, 2013 11:30 am ET
Updated: November 14, 2013 11:34 am ET

Post Your Comments


Back to story


More stories

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Core Molding buys CPI Binani assets, adds markets, D-LFT capabilities

March 20, 2015 1:20 pm ET

Core Molding Technologies Inc. is expanding its thermoplastics capabilities with the acquisition of substantially all the assets of CPI Binani Inc.,...    More

Image

Proposed Cardia-Stellar merger labeled 'not fair,' but still 'reasonable'

March 20, 2015 10:34 am ET

If the proposed merger of two Australian bioplastics companies goes ahead, the new company will be called Secos Group Ltd. and have annual sales of...    More

Image

Transilwrap buys Clear Focus, expands in advertising films

March 20, 2015 10:03 am ET

Film extruder Transilwrap Company Inc. has bought Clear Focus Imaging, a manufacturer of printable plastic films for large-scale display advertising l...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events