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Bidders Line Up for $1 Billion Rexam PLC Healthcare Unit



8/13/2013 10:30:10 AM

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Beverage can maker Rexam has launched the sale of its healthcare packaging business, which could fetch around 650 million pounds ($1 billion), four banking sources told Reuters.

Rexam said in June it would sell its healthcare business, which makes medical packaging and drug delivery devices such as bronchial inhalers and injection syringes and accounts for about 10 percent of group sales, as it focuses on its main business of making beverage cans.

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