Rexam Completes Divestment Of Glass Business

Date: 25 June 2007
Source: Rexam

Date: 25 June 2007

Rexam, the global consumer packaging group and the world’s leading beverage can maker, is pleased to announce that it has completed the divestment of its Glass business to Ardagh Glass Group which was initially announced on 12 March 2007.





The divestment is part of Rexam’s strategy to move into higher growth, higher margin businesses and these proceeds will be used to partially fund the recently announced proposed acquisition of O-I Plastics, a leading US manufacturer of rigid plastic healthcare packaging and plastic closure systems.

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