Rexam invests in Panama beverage can plant that supplies SABMiller

Rexam PLC has completed a joint investment with Envases Universales de Mexico, in Envases Del Istmo SA – a single-line beverage can plant based in Colón in Panama.

Long-term supply agreements for the plant have been agreed with SABMiller and Florida Ice & Farm Company.

“We are pleased to have jointly acquired the Endelis business in Panama and expanded our relationship with Envases Universales de Mexico,” said Rexam chief executive Graham Chipchase.

“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,” Chipchase added.