Rexam completes US Plastic Packaging acquisition

Acquires Delta Plastics Inc, a US-based plastic packaging business.

23/09/05 Rexam, the global consumer packaging group and the world's leading beverage can maker, is pleased to announce that, having received regulatory approval, it has completed the acquisition of Delta Plastics Inc, a US-based plastic packaging business, which was announced on 6 September 2005.

Delta Plastics is based in Hot Springs, Arkansas. It designs and manufactures plastic injection-moulded jars and closures for a variety of applications, primarily for the personal care and food markets. The company holds a number of patented product designs.

A combination of technology leadership, quality products and excellent customer service has enabled Delta Plastics to grow at a rate well above the market during the past five years. In 2004 it reported sales of $50m and, as at 31 December, net operating assets of $49m.

http://www.rexam.com/index.asp?PageID=581&Year=2005&NewsID=305