Rexam

Rexam Inc.
Subsidiary
Industry Packaging
Founded 1923 (London)
Headquarters London, United Kingdom
Key people
 Stuart Chambers (Chairman)
Graham Chipchase (CEO)
Products Beverage cans, plastic packaging
Revenue £3,925 million (2015)[1]
£291 million (2015)[1]
£185 million (2015)[1]
Number of employees
 8,000 (2014)[2]
Parent Ball Corporation
Website www.rexam.com

Rexam Inc. is a British-based American-owned multinational consumer packaging company headquartered in London, United Kingdom. It is a leading manufacturer of beverage cans.[3][4] It has 55 plants in over 20 countries across Asia, Europe, North America and South America.[5] In June 2016, the final regulatory hurdle was cleared for the purchase of Rexam by the American company Ball Corporation.[6][7]

History

The company was founded by William Vansittart Bowater in 1881 in London selling paper.[8] In 1923 his son, Eric, refocused the business into paper manufacturing under the name Bowater Paper Mills.[9] The Company diversified into tissue manufacturing in 1956 forming Bowater-Scott, a joint venture with the Scott Corporation; Scott Corporation bought out the Bowater interest in the joint venture in 1986.[9]

In 1992, the company acquired Dickinson Robinson Group Packaging. In 1995, the name was changed to Rexam,[10] an abbreviation of the name of one of the Company's subsidiaries, Regal Paper America, and the business was refocused again – this time into consumer packaging.[8]

In 2005, Rexam disposed of its glass manufacturing businesses to Ardagh Glass Group so as to concentrate on its beverage can production worldwide.[11] It then went on to acquire O-I Plastics, a plastic packaging business in North America, in 2007.[12][13] In June 2011, Rexam agreed to sell its lid-making operations to the U.S.-based Berry Plastics for £222 million (US$360 million).[14][15]

On 13 February 2014, Rexam has said that it acquired 51% stake in United Arab Can Manufacturing Ltd for $122 million.[16]

In February 2015, Rexam accepted Ball Corporation's sweetened takeover offer of £4.4 billion ($6.7 billion), a deal which will create one of the world’s biggest consumer-packaging suppliers.[17] Ball was required to sell eight U.S. aluminum can plants.[18] In June 2016, the final regulatory hurdle was cleared for the purchase of Rexam by the American company Ball Corporation.[6][7]

Operations

Rexam has around 55 plants in over 20 countries and employs around 8,000 people.[2] Its operations span Europe, the Americas and Asia.[2]

References

  1. 1 2 3 "Annual Report 2015" (PDF). Rexam. Retrieved 26 March 2016.
  2. 1 2 3 "Rexam PLC - Media - Facts & figures". rexam.com. Retrieved 3 April 2015.
  3. ↑ "Brazil Beer Sales to Rise With World-Cup Chances, Rexam Says". Bloomberg Businessweek. 29 April 2010. Retrieved 24 August 2010.
  4. ↑ "Plastic Packaging". Rexam PLC. Retrieved 24 August 2010.
  5. ↑ "Facts & figures". Rexam PLC. Retrieved 2 July 2014.
  6. 1 2 "Ball Corporation (BLL) Gets FTC's Final Nod for Rexam Buy". Finance.yahoo.com. 2016-06-29. Retrieved 2016-09-17.
  7. 1 2 "Ball Corp. (BLL) Announces Completion of Rexam Acquisition, Asset Divestiture". Streetinsider.com. 2016-06-30. Retrieved 2016-09-17.
  8. 1 2 "Our history". Rexam PLC. Retrieved 4 September 2010.
  9. 1 2 "Bowater-Scott". gracesguide.co.uk. Retrieved 3 April 2015.
  10. ↑ Bowater to change name to Rexam Plasteurope, 31 May 1995
  11. ↑ Rexam sells only UK glass facility Packaging Today, 15 June 2005
  12. ↑ Rexam acquires O-I plastics operation Packaging News, 3 July 2007
  13. ↑ "Rexam to buy OI Plastics". Reuters. 11 June 2007. Retrieved 24 April 2012.
  14. ↑ "Rexam sells lid-making arm to Berry Plastics for £222m". The Telegraph. 21 June 2011. Retrieved 24 April 2012.
  15. ↑ "Plastics packaging: Berry claims Rexam's closures biz for $360m". Plastics Today. 20 June 2011. Retrieved 24 April 2012.
  16. ↑ "Rexam buys majority stake in Saudi Arabian beverage cans maker". Reuters. 13 February 2014. Retrieved 20 February 2014.
  17. ↑ Rory Gallivan (19 February 2015). "Ball Corp. Rolls Up Rexam With Sweetened $6.7 Billion Offer". The Wall Street Journal. Retrieved 15 February 2016.
  18. ↑ Richard Craver (27 July 2016). "European group buys Rexam packaging plant in Winston-Salem". Winston-Salem Journal. Retrieved 27 July 2016.
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