The acquisition will see Rexam take full ownership of a plastic packaging injection and extrusion blow−molded manufacturing plant located in Tlalnepantla, on the outskirts of Mexico City.
The plant currently employs over 300 staff and produces plastic containers and closures for the cosmetics and personal care market, as well as the pharmaceutical, diagnostic and healthcare categories.
Footprint in Latin America
Pavisa Industries is the leading player in the Mexican market for injection molded plastic packaging products for a wide range of consumer goods that are distributed throughout the Mexican, Central American and South American markets.
Rexam says that it intends to use the facility as a vantage point to explore growth potential in all of the categories and markets the facility already serves.
“This move is consistent with Rexam’s strategy to build positions in emerging markets,” said Graham Chipchase, group director, Rexam Plastic Packaging.
“We are confident that a stronger foothold in the growing Mexico and Latin American region will enable us to provide unique product and service opportunities.”