US and German firms looking at Rexam healthcare

PRW

Published: November 18, 2013 10:25 am ET
Updated: November 18, 2013 10:30 am ET

Related to this story

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

Packaging groups in the United States and Germany are eyeing up Rexam's healthcare division, according to a published report by Reuters.

U.S. packaging firms Berry Plastics and Silgan Holdings and German company Gerresheimer are said to be competing for the business, Reuters news agency reported.

Bids are likely to come in just short of $1 billion.

Reuters reported that in addition to the three possible trade bids interest from private equity firms, including Bain Capital and KKR, had been tabled.

The healthcare business had been expected to go for around £650 million but some bids are said be closer to £550 million.

Last week Rexam said the process of selling off its healthcare division was "progressing well," with a deal likely either side of its Dec. 31 year end.

The group sold its personal care operation last summer in two deals, one to private equity firm Sun Capital, the other to Silgan Holdings.


Comments

US and German firms looking at Rexam healthcare

PRW

Published: November 18, 2013 10:25 am ET
Updated: November 18, 2013 10:30 am ET

Post Your Comments


Back to story


More stories

Image

Pactiv expanding in North Carolina

March 5, 2015 4:18 pm ET

Pactiv LLC is spending more than $24 million on an expansion project in North Carolina that will create 59 new jobs.    More

Image

VisiPak adds to customer mix, product offerings with Tulox acquisition

March 5, 2015 2:19 pm ET

VisiPak has acquired Tulox Plastics Corp., a maker of clear plastic packaging.    More

Image

Auto supplier Motus adds more production as it buys Leon Interiors

March 5, 2015 10:52 am ET

Motus Integrated Technologies, a Tier 1 automotive interiors supplier, is getting bigger, adding the assets of Tier 2 supplier Leon Interiors Inc.    More

Image

PET makes it possible to have your beer and be sustainable too

March 5, 2015 10:45 am ET

PET could replace stainless steel beer kegs in a material swap product developers say will be more environmentally friendly and cost effective for...    More

Image

Mold maker Moldworx building in Arizona to bring in more molding

March 5, 2015 10:13 am ET

Moldworx LLC has begun leasing more space in Gilbert, Ariz., to allow it to grow its injection molding business.    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