Industry News

Rexam Announces Proposed Sale of Pharmaceutical Devices and Prescription Retail Packaging Divisions

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By: Bridget Klebaur

Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction

Rexam PLC, a leading global beverage can maker, announced the proposed sale of the Pharmaceutical Devices and Prescription Retail Packaging divisions of its Healthcare business for $805 million in cash. The Healthcare business has three divisions: Pharmaceutical Devices, Prescription Retail Packaging and Closures & Containers. Rexam is in discussions regarding the sale of Closures & Containers and will provide an update in due course. Montagu Private Equity has made a binding offer for...

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