Rexam invests in Panama
Rexam, has announced that it has completed an investment in Envases Del Istmo SA (Endelis), a single line beverage can plant in Colón, Panama. Their investment partner is Envases Universales de Mexico (EUM).
Long term supply agreements have been secured with SABMiller and Florida Ice & Farm Company SA (FIFCO), whose affiliates previously owned the Endelis business.
Graham Chipchase, Rexam’s chief executive, said of the transaction: “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.”