Rexam

Rexam Inc.
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. 1 2 3 "Annual Report 2015" (PDF). Rexam. Retrieved 26 March 2016.
  2. 1 2 3 "Rexam PLC - Media - Facts & figures". rexam.com. Retrieved 3 April 2015.
  3. ↑ "Brazil Beer Sales to Rise With World-Cup Chances, Rexam Says". Bloomberg Businessweek. 29 April 2010. Retrieved 24 August 2010.
  4. ↑ "Plastic Packaging". Rexam PLC. Retrieved 24 August 2010.
  5. ↑ "Facts & figures". Rexam PLC. Retrieved 2 July 2014.
  6. 1 2 "Our history". Rexam PLC. Retrieved 4 September 2010.
  7. 1 2 "Bowater-Scott". gracesguide.co.uk. Retrieved 3 April 2015.
  8. ↑ Bowater to change name to Rexam Plasteurope, 31 May 1995
  9. ↑ Rexam sells only UK glass facility Packaging Today, 15 June 2005
  10. ↑ Rexam acquires O-I plastics operation Packaging News, 3 July 2007
  11. ↑ "Rexam to buy OI Plastics". Reuters. 11 June 2007. Retrieved 24 April 2012.
  12. ↑ "Rexam sells lid-making arm to Berry Plastics for £222m". The Telegraph. 21 June 2011. Retrieved 24 April 2012.
  13. ↑ "Plastics packaging: Berry claims Rexam’s closures biz for $360m". Plastics Today. 20 June 2011. Retrieved 24 April 2012.
  14. ↑ "Rexam buys majority stake in Saudi Arabian beverage cans maker". Reuters. 13 February 2014. Retrieved 20 February 2014.
  15. ↑ Rory Gallivan (19 February 2015). "Ball Corp. Rolls Up Rexam With Sweetened $6.7 Billion Offer". WSJ. Retrieved 15 February 2016.

External links

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