Rexam

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Rexam PLC
Type Public limited company
Traded as LSEREX
OTCQXREXMY
Industry Packaging
Founded 1923 (London)
Headquarters London, United Kingdom
Key people Graham Chipchase (CEO)
Products Beverage cans, plastic packaging
Revenue £3,943 million (2013)[1]
Operating income £417 million (2013)[1]
Net income £95 million (2013)[1]
Employees 11,000 (2014)[2]
Website www.rexam.com

Rexam PLC is a British multinational consumer packaging company headquartered in London, United Kingdom. It is the largest manufacturer of beverage cans in the world and a leading producer of rigid plastic packaging.[3][4] It has 67 plants in 24 countries across Asia, Europe, North America and South America.[5]

Rexam is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History[edit]

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 February 13, 2014, Rexam has said that it acquired 51% stake in United Arab Can Manufacturing Ltd for $122 million.[14]

Operations[edit]

Rexam has around 70 plants in 25 countries and employs around 19,000 people.[2] Its operations span Europe, the Americas and Asia.[2]

References[edit]

  1. ^ a b c Results for the year ended 31 December 2013
  2. ^ a b c Rexam: Media - Facts & Figures
  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. ^ a b "Our history". Rexam PLC. Retrieved 4 September 2010. 
  7. ^ a b Grace's Guide
  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. February 13, 2014. Retrieved February 20, 2014. 

External links[edit]