M&A Deal Summary

Berry Acquires Rexam’s Healthcare Containers and Closures

On March 24, 2014, Berry acquired packaging company Rexam’s Healthcare Containers and Closures from Rexam for 135M USD

Acquisition Highlights
  • This is Berry’s 4th transaction in the Packaging sector.
  • This is Berry’s 5th largest (disclosed) transaction.
  • This is Berry’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-03-24
Target Rexam’s Healthcare Containers and Closures
Sector Packaging
Buyer(s) Berry
Sellers(s) Rexam
Deal Type Divestiture
Deal Value 135M USD

Target

Rexam’s Healthcare Containers and Closures

United Kingdom
The Healthcare Containers and Closures business produces bottles, closures and specialty products for pharmaceutical and OTC (over-the-counter) applications.

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Buyer(S) 1

Buyer

Berry

Evansville, Indiana, United States

Category Company
Founded 1967
Sector Plastics
Employees44,000
Revenue 12.3B USD (2024)
DESCRIPTION
Berry's corporate headquarters in Evansville, Indiana.
Berry's corporate headquarters in Evansville, Indiana.

Berry is a manufacturer and marketer of plastic packaging products for personal care, household, industrial, and transportation markets. Berry was incorporated in 1967 and is based in Evansville, Indiana.


DEAL STATS #
Overall 9 of 14
Sector: Packaging M&A 4 of 4
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 2
Year: 2014 M&A 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 Qingdao P&B Co.

Qingdao, China

Qingdao P&B Co., Ltd. is a Chinese-based rigid plastic packaging provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 AVINTIV

Charlotte, North Carolina, United States

AVINTIV, Inc. is a developer, producer, and marketer of specialty materials used in infection prevention, personal care, and high performance solutions. AVINTIV was formed in 1985 and is based in Charlotte, North Carolina.

Buy $2.5B

Seller(S) 1

SELLER

Rexam

London, United Kingdom

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 7 of 7
Sector: Packaging M&A 4 of 4
Type: Divestiture M&A Deals 7 of 7
Country: United Kingdom M&A 2 of 2
Year: 2014 M&A 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-13 United Arab Can Manufacturing Co.

Dammam, Saudi Arabia

UAC makes beverage cans and can ends and is situated in Dammam, Saudi Arabia. The plant has an annual capacity of 1.8bn cans in both standard and specialty sizes. In 2012, the company generated EBITDA of c $29m.

Buy $122M