Ball considering purchase of Rexam PLC
Discussions in progress for possible purchase of British multinational consumer packaging company.
BROOMFIELD, Colo.—Ball Corporation says its board of directors is in discussions concerning a possible acquisition of Rexam PLC.
The proposed transaction includes a combination of cash and equity, but, there is no certainty any formal offer will be made for Rexam PLC, nor as to the terms on which any offer may be made.
Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 14,500 people worldwide and reported 2014 sales of $8.6 billion. For more information on Ball Corporation, visit www.ball.com.
Rexam PLC is a British multinational consumer packaging company headquartered in London, U.K., and is the largest manufacturer of beverage cans in the world and a leading producer of rigid plastic packaging. Company information is available at www.rexam.com.