Former type Public Defunct June 2016 Revenue 3.925 billion GBP (2015) Net income 185 million GBP (2015) | Industry Packaging Headquarters London, United Kingdom Number of employees 8,000 (2014) Parent organization Ball Corporation | |
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Fate Acquired by Ball Corporation Founded 1923; 94 years ago (1923) (London) Key people Stuart Chambers (Chairman)
Graham Chipchase (CEO) CEO Graham Chipchase (4 Jan 2010–) Founder William Vansittart Bowater | ||
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Rexam plc was a British-based multinational consumer packaging company headquartered in London, England. It was a leading manufacturer of beverage cans. It had 55 plants in over 20 countries across Asia, Europe, North America and South America. In June 2016, the final regulatory hurdle was cleared for the purchase of Rexam by the American company Ball Corporation.
Contents
Rexam plc its people and values
History
The company was founded by William Vansittart Bowater in 1881 in London selling paper. In 1923 his son, Eric, refocused the business into paper manufacturing under the name Bowater Paper Mills. 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.
In 1992, the company acquired Dickinson Robinson Group Packaging. In 1995, the name was changed to Rexam, 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.
In 2005, Rexam disposed of its glass manufacturing businesses to Ardagh Glass Group so as to concentrate on its beverage can production worldwide. It then went on to acquire O-I Plastics, a plastic packaging business in North America, in 2007. In June 2011, Rexam agreed to sell its lid-making operations to the U.S.-based Berry Plastics for £222 million (US$360 million).
On 13 February 2014, Rexam acquired 51% stake in United Arab Can Manufacturing Ltd for $122 million.
In February 2015, Rexam accepted Ball Corporation's sweetened takeover offer of £4.4 billion ($6.7 billion), a deal which created one of the world’s biggest consumer-packaging suppliers. Ball was required to sell eight U.S. aluminum can plants. In June 2016, the final regulatory hurdle was cleared for the purchase of Rexam by Ball Corporation.
Operations
Rexam had around 55 plants in over 20 countries and employed around 8,000 people. Its operations span Europe, the Americas and Asia.