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Berry Plastics Group Inc. announced today that it has entered into a definitive agreement to acquire the U.S., Mexico, and India portions of Rexam's Healthcare Containers and Closures (C&C) business. Berry Plastics has also made a binding offer to purchase the French portion of Rexam's C&C business, pending completion of the required consultation process with the works council in France. It is reported that Berry Plastics would pay approximately $135 million for both transactions. The deal is expected to close in Q2 of 2014.

Norbert Sparrow

March 24, 2014

1 Min Read
Berry Plastics acquires Rexam healthcare business

Rexam's Healthcare C&C business produces bottles, closures, and specialty products for pharmaceutical and over-the-counter applications. The transaction includes eight manufacturing locations—five in the United States and one each in Mexico, France, and India, with total employment of approximately 1500 and 2013 sales of $262 million.

This news follows Berry's recent acquisition of a controlling interest in Qingdao P&B Co., Ltd., a China-based rigid plastic packaging provider. The transaction was approved by Chinese authorities in January 2014. At the time, Eva Schmitz, spokesperson for Berry Plastics, told PlasticsToday that the company's international expansion initiatives will allow the company to serve its customers' needs on a global basis and establish relationships with new customers that may be specific to that geographic region.

About the Author(s)

Norbert Sparrow

Editor in chief of PlasticsToday since 2015, Norbert Sparrow has more than 30 years of editorial experience in business-to-business media. He studied journalism at the Centre Universitaire d'Etudes du Journalisme in Strasbourg, France, where he earned a master's degree.

www.linkedin.com/in/norbertsparrow

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