Sun European Partners is putting together a bid for Rexam's personal care packaging division, according to a source who spoke to Real Deals.
Rexam, a global consumer packaging company, produces the packaging for many leading brands. It makes drink cans, precision medical devices such as bronchial inhalers to transdermal drug delivery systems, as well as products for personal care items. The listed firm's personal care packaging division is currently up for sale.
Last year the entire company reported sales of £4,734m, a two per cent increase on 2010's figures.
According to the source, Sun European is particularly interested in Rexam's personal care division as it would be able to create cost-saving synergies if integrated with current portfolio company Albéa – a French packaging firm.