Rexam to sell lid-making business to Berry Plastics for US$360 mln

22-Jun-11
Looking to reduce net debt, European drinks can maker Rexam is selling its lid-making business to private equity-backed Berry Plastics for US$360 mln, as per Reuters. Berry Plastics, a manufacturer majority-owned by U.S. private equity firm Apollo, expects to close on the cash deal during Q3-2011. Rexam reported net debt of £1.68 bln at the end of 2010. The company plans to reduce its plastic packaging operations at an expected exceptional charge of around £25 mln pounds.
  More News  Post Your Comment

Previous News

Next News

COMMENTS

0

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

*

Name Required.

*

Please enter Company Name.

*

Please Select Country.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Dispenser Pump, Spray Pump

Dispenser Pump, Spray Pump