Silgan Holdings, whose Silgan Container operation is North America’s leading food canmaking firm, has agreed to buy Rexam’s plastics thermoformed packaging business for $250 million as part of the sale of the London-based firm’s Personal Care division.
Rexam is selling the remaining part of Personal Care – Cosmetics, Toiletries and Household – to private equity firm Sun Capital Partners for $459m in cash.
