Rexam Acquires Can Maker

Published January 30, 2006

Rexam announced plans to acquire Ecanco, an Egyptian beverage can manufacturer. The cost of the acquisition is about $107 million.

Ecanco is the sole beverage can maker in Egypt. Its plant, located just outside Cairo, comprises a single line for steel beverage cans. Most of its cans are sold locally, with the balance exported to North Africa and the Middle East. The company's major customers are Pepsi and Coca-Cola.