Closure of packaging unit by Rexam a result of synergies achieved by recent acquisitions

Global leader in consumer packaging, Rexam, has announced the closure of its Ohio, plastic packaging manufacturing plant. The plant closure is currently scheduled for Q4-08. The plant, which began operation in 2001, manufactures injection molded plastic closures. The plant's production will be absorbed by other Rexam manufacturing facilities with no interruption in customer shipments. The closure further aligns the company's manufacturing capabilities, improves overall asset utilization and helps balance industry capacity and demand. It is also a result of synergies that Rexam has been able to achieve due to recent acquisitions. This facility is part of Rexam's global plastics business which operates 54 plants and employs approximately 16,000 people around the world, serving the healthcare, closures and personal care markets.
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