Montagu Strikes $805M Deal For Rexam’s Health Care Biz

Law360, New York (February 3, 2014, 2:15 PM EST) -- European firm Montagu Private Equity will acquire British consumer packaging company Rexam PLC’s health care devices and prescription retail divisions for $805 million in cash, the companies announced Monday.

Rexam’s health care devices division, based in La Verpilliere, France, is a leading European manufacturer of plastic drug administration systems for the pharmaceutical industry. Its products include inhalers, insulin pens and pumps, Montagu said. The health care devices division operates four manufacturing plants in the U.S. and Europe and generates annual sales of approximately $265 million, Montagu...
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