Adhesives & Sealants Headlines / Mergers/Acquisitions / Converting/Packaging / Finished Adhesives and Sealants / Info for Packaging

Berry Plastics to Acquire Portions of Rexam’s Healthcare Containers and Closures Business

April 7, 2014
/ Print / Reprints /
ShareMore
/ Text Size+

Berry Plastics Group Inc. recently announced 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. In addition, Berry Plastics has made a binding offer to purchase the French portion of Rexam’s C&C business, which Rexam may accept after completion of the required consultation process with the works council in France. Upon completion of both transactions, Berry Plastics would pay approximately $135 million for the entire Healthcare Containers and Closures business unit, with the closing expected to take place in the second calendar quarter of 2014.

The Healthcare Containers and Closures business produces bottles, closures and specialty products for pharmaceutical and over-the-counter applications. The transaction includes eight manufacturing locations: five in the U.S. and one each in Mexico, France, and India, with total employment of approximately 1,500 and 2013 sales of $262 million.

“The proposed acquisition of the Rexam Healthcare Containers and Closures business is directly aligned with our fundamental strategic initiatives,” said Jon Rich, chairman and CEO, Berry Plastics. “The U.S. portion of the business has a highly synergistic fit with our current healthcare product portfolio, while the facilities located outside the U.S. will allow us to increase our presence in the attractive global healthcare market segment.”

For more information, visit www.berryplastics.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI October 2014 cover

2014 October

You won't want to miss our October issue: industry trends from the ASC, converting and packaging, testing, a preview of The Assembly Show, and more!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px