Rexam
| 200px | |
| Public limited company | |
| Traded as | LSE: REX OTCQX: REXMY |
| Industry | Packaging |
| Founded | 1923 (London) |
| Headquarters | London, United Kingdom |
|
Key people
|
Graham Chipchase (CEO) |
| Products | Beverage cans, plastic packaging |
| Revenue | £3,832 million (2014)[1] |
| £402 million (2014)[1] | |
| £267 million (2014)[1] | |
|
Number of employees
|
8,000 (2014)[2] |
| Parent | Rexam plc |
| Website | www.rexam.com |
Rexam PLC is a British multinational consumer packaging company headquartered in London, United Kingdom. It is a leading manufacturer of beverage cans in the world.[3][4] It has 55 plants in over 20 countries across Asia, Europe, North America and South America.[5]
Rexam is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was founded by William Vansittart Bowater in 1881 in London selling paper.[6] In 1923 his son, Eric, refocused the business into paper manufacturing under the name Bowater Paper Mills.[7] 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.[7]
In 1992, the company acquired Dickinson Robinson Group Packaging. In 1995, the name was changed to Rexam,[8] 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.[6]
In 2005, Rexam disposed of its glass manufacturing businesses to Ardagh Glass Group so as to concentrate on its beverage can production worldwide.[9] It then went on to acquire O-I Plastics, a plastic packaging business in North America, in 2007.[10][11] In June 2011, Rexam agreed to sell its lid-making operations to the U.S.-based Berry Plastics for £222 million (US$360 million).[12][13]
On 13 February 2014, Rexam has said that it acquired 51% stake in United Arab Can Manufacturing Ltd for $122 million.[14]
In February, 2015, Rexam accepted Ball Corporation sweetened takeover offer of £4.4 billion ($6.7 billion), a deal which will create one of the world’s biggest consumer-packaging suppliers.[15]
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
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- ↑ Bowater to change name to Rexam Plasteurope, 31 May 1995
- ↑ Rexam sells only UK glass facility Packaging Today, 15 June 2005
- ↑ Rexam acquires O-I plastics operation Packaging News, 3 July 2007
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- ↑ http://www.wsj.com/articles/rexam-agrees-to-ball-takeover-1424330746
