Rexam
 | |
| Subsidiary | |
| Industry | Packaging |
| Founded | 1923 (London) |
| Headquarters | London, United Kingdom |
Key people |
Stuart Chambers (Chairman) Graham Chipchase (CEO) |
| Products | Beverage cans, plastic packaging |
| Revenue | £3,925 million (2015)[1] |
| £291 million (2015)[1] | |
| £185 million (2015)[1] | |
Number of employees | 8,000 (2014)[2] |
| Parent | Ball Corporation |
| Website | www.rexam.com |
Rexam Inc. is a British-based American-owned multinational consumer packaging company headquartered in London, United Kingdom. It is a leading manufacturer of beverage cans.[3][4] It has 55 plants in over 20 countries across Asia, Europe, North America and South America.[5] In 2015 Rexam was bought by the American company Ball Corporation.
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's 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
- 1 2 3 "Annual Report 2015" (PDF). Rexam. Retrieved 26 March 2016.
- 1 2 3 "Rexam PLC - Media - Facts & figures". rexam.com. Retrieved 3 April 2015.
- ↑ "Brazil Beer Sales to Rise With World-Cup Chances, Rexam Says". Bloomberg Businessweek. 29 April 2010. Retrieved 24 August 2010.
- ↑ "Plastic Packaging". Rexam PLC. Retrieved 24 August 2010.
- ↑ "Facts & figures". Rexam PLC. Retrieved 2 July 2014.
- 1 2 "Our history". Rexam PLC. Retrieved 4 September 2010.
- 1 2 "Bowater-Scott". gracesguide.co.uk. Retrieved 3 April 2015.
- ↑ 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
- ↑ "Rexam to buy OI Plastics". Reuters. 11 June 2007. Retrieved 24 April 2012.
- ↑ "Rexam sells lid-making arm to Berry Plastics for £222m". The Telegraph. 21 June 2011. Retrieved 24 April 2012.
- ↑ "Plastics packaging: Berry claims Rexam’s closures biz for $360m". Plastics Today. 20 June 2011. Retrieved 24 April 2012.
- ↑ "Rexam buys majority stake in Saudi Arabian beverage cans maker". Reuters. 13 February 2014. Retrieved 20 February 2014.
- ↑ Rory Gallivan (19 February 2015). "Ball Corp. Rolls Up Rexam With Sweetened $6.7 Billion Offer". WSJ. Retrieved 15 February 2016.
