REXAM
Berry Plastics submits binding offer for last remaining Healthcare division / Containers & Closures sale to be wrapped up by mid-year pending talks with French union
 Rexam operates a plant producing containers & closures for the healthcare sector in Ofranville (Photo: Rexam) |
After having sold the pharmaceutical devices and prescription retail packaging divisions of its healthcare business to Montagu Private Equity (London / UK; www.montagu.com) in early February (see Plasteurope.com of 06.02.2014), Rexam (London / UK; www.rexam.com) now said it had received a binding offer from Berry Plastics (Evansville, Indiana / USA; www.berryplastics.com) for the Containers & Closures division, the last remaining unit of its Healthcare business.
The USD 135m offer is subject to certain adjustments and regulatory approval, and also necessitates negotiations with the French works council. The group operates a containers and closures plant in Offranville, in the north of France. Rexam said it expects the sale to be wrapped up by the summer.
The USD 135m offer is subject to certain adjustments and regulatory approval, and also necessitates negotiations with the French works council. The group operates a containers and closures plant in Offranville, in the north of France. Rexam said it expects the sale to be wrapped up by the summer.
25.03.2014 Plasteurope.com [227868-0]
Published on 25.03.2014
German version of this article...