Berry Plastics buys Rexam’s specialty closure business
Canadian Plastics
Economy Packaging Flexible Packaging Plastics Industry Economic Changes/ForecastEvansville, Ind.-based processor Berry Plastics Corporation has purchased specialty plastic maker Rexam SBC for $US360.
Evansville, Ind.-based processor Berry Plastics Corporation has purchased specialty plastic maker Rexam SBC for $US360.
The acquisition of Rexam is expected to be finalized later this year.
Rexam produces plastic products for the food, beverage, auto, beauty and other markets.
The company has eight manufacturing facilities globally, including seven in the U.S. and one in Brazil. In addition, Rexam has manufacturing operations in Malaysia and Mexico through joint venture agreements, and a research and development technical center located in Perrysburg, Ohio. The company reported 2010 annual net sales of approximately US$500 million and has 1,500 employees.
“The acquisition of Rexam SBC demonstrates Berry’s continued commitment to growing our business through the addition of packaging companies with excellent customers and great products,” said Dr. Jonathan Rich, chairman and CEO of Berry Plastics. “We are excited about the opportunities the Rexam SBC business will bring to Berry’s customers, employees and investors.”
Berry Plastics has 75 manufacturing facilities, and a total workforce of 16,000 worldwide.
