Global consumer packaging group Rexam completed the divestment of its glass business to Dublin-based Ardagh Glass Group for EUR 660 million on a debt free/cash free basis, it was announced 22 June 200…
Global consumer packaging group Rexam completed the divestment of its glass business to Dublin-based Ardagh Glass Group for EUR 660 million on a debt free/cash free basis, it was announced 22 June 2007. The acquisition was initially announced on 12 March 2007. The divestment is part of Rexam“s strategy to move into higher growth, higher margin businesses. Ardagh described the acquisition as “transformational”: it moves the group up to the number three position in the European glass container business and to number one in Northern Europe.