Rexam Joins Top Ten Packaging Companies

Britain's packaging group Rexam recently claimed its place among the world's top ten consumer packaging companies following the £576m acquisition of Swedish bottle maker PLM. Following the acquisition, chief executive Rolf Borjesson said: "It is very important that our investors understand that this is a group in transformation. It will focus on coated film and paper, beauty, healthcare, speciality food and beverage packaging." Pre-tax profits for 1998 dipped from £190m to £186m on flat sales, up £19m to £1.819bn. (whole item)