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

French investment firm buys Alabama-based CSP Technologies

January 30, 2015 1:10 pm ET

A French investment firm has finalized a deal to buy CSP Technologies Inc., an Auburn, Ala., company that makes specialty plastics packaging.    More

Image

Lubrizol buys Brazil-based coatings technology manufacturer

January 30, 2015 11:50 am ET

Specialty chemicals company Lubrizol Corp. of Wickliffe, Ohio, said it has acquired a Brazilian company that makes coatings technology for products...    More

Image

Report: Brands are falling short on packaging sustainability

January 29, 2015 5:19 pm ET

Packaging in general, and plastic packaging in particular, has a long way to go in terms of recycling, according to a pair of environmental groups.    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Image

Profit dips at Bemis Co. Inc.

January 29, 2015 2:04 pm ET

Profit dipped for Bemis Co. Inc. for all of 2014, but were up during the fourth quarter in what the company's leader called a “pivotal year.R...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events