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Acquisition

15th Jan 2015 07:00

RNS Number : 1554C
Rexam PLC
15 January 2015
 



15 January 2015

 

 

Rexam expands in Central America

Rexam, the global beverage can maker, announces that it has jointly with Envases Universales de Mexico (EUM), completed an investment in Envases Del Istmo SA (Endelis), a single line beverage can plant in Colón, Panama. Long term supply agreements have been secured with SABMiller and Florida Ice & Farm Company SA (FIFCO) whose affiliates previously owned the Endelis business.

Commenting on the transaction, Graham Chipchase, Rexam's chief executive, said: "We are pleased to have jointly acquired the Endelis business in Panama and expanded our relationship with EUM. It is fully in line with our emerging markets strategy and complements our existing Central America footprint. The transaction positions us well to serve both our local and global customers in an exciting growth region."

 

Enquiries

Investors

Marion Le Bot, Head of Investor Relations, Rexam +44 20 7227 4100

 

Media

Mark Bunker, Head of Communications, Rexam +44 20 7227 4100

Katharine Wynne, Tulchan Communications +44 20 7353 4200

Martin Robinson, Tulchan Communications +44 20 7353 4200

 

Editors' notes:

Rexam is a leading global beverage can maker. We are business partners to some of the world's most famous and successful consumer brands. Our vision is to be the best beverage can maker in the world. We have 55 can making plants in more than 20 countries and employ around 8,000 people. In 2013 our sales were £3.9 billion.

Rexam's ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. Visit www.rexam.com for further information.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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