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Rexam to sell PET bottle business
26/10/2006
Rexam, the UK-listed packaging company, announced that it has started the process to sell its refillable PET bottle operation, Rexam Petainer, which is based in Sweden and the Czech Republic. It is a regional business focused on the Scandinavian and German markets. It has a minor position in the overall plastic bottle market and the company believes that it would be better to focus resources on segments that more closely fit its global strategy. In 2005, the business delivered sales of GBP 34m.
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