M&A Deal Summary

Rexam Acquires OI Plastic Products FTS

On August 1, 2007, Rexam acquired packaging company OI Plastic Products FTS from O-I Glass for 1.8B USD

Acquisition Highlights
  • This is Rexam’s 9th transaction in the Packaging sector.
  • This is Rexam’s largest (disclosed) transaction.
  • This is Rexam’s 4th transaction in the United States.
  • This is Rexam’s 1st transaction in Ohio.

M&A Deal Summary
Date 2007-08-01
Target OI Plastic Products FTS
Sector Packaging
Buyer(s) Rexam
Sellers(s) O-I Glass
Deal Type Divestiture
Deal Value 1.8B USD

Target

OI Plastic Products FTS

Toledo, Ohio, United States
O-I Plastics is a manufacturer of rigid plastic healthcare packaging and plastic closure systems.

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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 11 of 13
Sector (Packaging) 9 of 11
Type (Divestiture) 5 of 5
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2007) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-22 Airspray N.V.

Alkmaar, Netherlands

Airspray N.V. engages in the manufacturing of foam pumps, which are dispensers that transform liquid into foam at the point of dispensing

Buy €146M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-09 ROSTAR

Moscow, Russia

ROSTAR Ltd. is a manufacturer of aluminium beverage cans in Russia.

Buy -

Seller(S) 1

SELLER

O-I Glass

Perrysburg, Ohio, United States

website

Category Company
Founded 1903
Sector Packaging
Employees25,000
Revenue 6.9B USD (2022)
DESCRIPTION
Entrance to Owens-Illinois' corporate headquarters in Perrysburg, Ohio.
Entrance to Owens-Illinois' corporate headquarters in Perrysburg, Ohio.

O-I Glass is a global glass container manufacturing company. The Company competes in the glass container segment of the rigid packaging market and is the leading glass container manufacturer in most of the countries where it has manufacturing facilities. O-I Glass was founded in 1903 and is based Perrysburg, Ohio.

DEAL STATS #
Overall 1 of 3
Sector (Packaging) 1 of 2
Type (Divestiture) 1 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-18 BSN Glasspack SA

France

BSN Glasspack SA is a glass container manufacturer in Europe with manufacturing facilities in France, Spain, Germany and the Netherlands.

Buy €1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Companhia Industrial de Vidros S.A.

Recife, Brazil

Companhia Industrial de Vidros S.A., is a glass container producer in northeastern Brazil.

Buy -
Mergr

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