Rexam To Buy Heineken's Dutch Glassworks

Rexam has signed a binding Letter of Intent with Heineken to acquire all the shares in its wholly owned subsidiary Glas Moerdijk BV in the Netherlands.

The acquisition is supported by a supply agreement with Heineken.

The acquisition of Moerdijk will strengthen Rexam's position as a key supplier to Heineken, which is also a major customer of Rexam's beverage can operations. Additionally, the acquisition will offer further opportunities for performance enhancement through access to Rexam's manufacturing know-how and by economies of scale in areas such as purchasing and logistics, it said.