Rexam expands in Central America

Rexam, the global beverage can maker, announces that it has jointly with Envases Universales de Mexico (EUM), completed an investment in Envases Del Istmo SA (Endelis), a single line beverage can plant in Colón, Panama. Long term supply agreements have been secured with SABMiller and Florida Ice & Farm Company SA (FIFCO) whose affiliates previously owned the Endelis business.

Commenting on the transaction, Graham Chipchase, Rexam’s chief executive, said: “We are pleased to have jointly acquired the Endelis business in Panama and expanded our relationship with EUM. It is fully in line with our emerging markets strategy and complements our existing Central America footprint. The transaction positions us well to serve both our local and global customers in an exciting growth region.”