M&A Deal Summary

Rexam Acquires Crown Cork - Fragrance Pump Business

On December 13, 2001, Rexam acquired packaging company Crown Cork - Fragrance Pump Business from Crown for 107M USD

Acquisition Highlights
  • This is Rexam’s 1st transaction in the Packaging sector.
  • This is Rexam’s 8th largest (disclosed) transaction.
  • This is Rexam’s 1st transaction in the United States.
  • This is Rexam’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2001-12-13
Target Crown Cork - Fragrance Pump Business
Sector Packaging
Buyer(s) Rexam
Sellers(s) Crown
Deal Type Divestiture
Deal Value 107M USD

Target

Crown Cork - Fragrance Pump Business

Thomaston, Connecticut, United States
Crown Cork - Fragrance Pump Business engages in cosmetics packaging. The primary products manufactured at the plant consist of a line of fine mist spray actuated pumps used in personal fragrance applications.

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Buyer(S) 1

Buyer

Rexam

London, United Kingdom

website

Category Company
Founded 1923
Sector Packaging
Employees8,600
Revenue 3.9B GBP (2015)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 13
Sector (Packaging) 1 of 11
Type (Divestiture) 1 of 5
State (Connecticut) 1 of 1
Country (United States) 1 of 4
Year (2001) 1 of 1
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-12 MiTek Industries

Chesterfield, Missouri, United States

MiTek, headquartered in Chesterfield, Missouri, is a supplier of advanced engineered structural connector systems, equipment, software and services for the building components industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-14 Nienburger Glas

Germany

Nienburger Glas GmbH, is a glass container manufacturer in Germany.

Buy -

Seller(S) 1

SELLER

Crown

Yardley, Pennsylvania, United States

website

Category Company
Founded 1892
Sector Packaging
Employees26,000
Revenue 11.4B USD (2021)
DESCRIPTION

Crown is a manufacturer of packaging products for consumer marketing companies around the world. Crown makes a wide range of metal packaging for food, beverage, household and personal care and industrial products and metal vacuum closures and caps. Crown was incorporated in 1892 and is based in Yardley, Pennsylvania.

DEAL STATS #
Overall 2 of 5
Sector (Packaging) 2 of 5
Type (Divestiture) 2 of 5
State (Connecticut) 2 of 2
Country (United States) 2 of 3
Year (2001) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-29 Continental Can Company

Norwalk, Connecticut, United States

Continental Can Company, Inc. is a operates as packaging business. It offers metal cans,plastic films and pet food processors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-28 Risdon Pharma

Neuenburg, Germany

Risdon Pharma is a manufacturer of primary plastic packaging for the pharmaceutical industry.

Sell €97M
Mergr

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