Rexam opens packing plant in Poland

Rexam, the British company that bought packaging producer Precise Technology Inc. last year, has opened its first plastic packaging plant in Poland.

The new facility, located in Łódz, is the first manufacturing plant dedicated to Rexam Home & Personal Care in Central and Eastern Europe.

The project was launched by Pittsburgh-area Precise Technology prior to its acquisition by Rexam last December.

Rexam, which produces packaging and beverage cans, acquired Precise for $257.5 million from Chicago-based investment firm Code Hennessy & Simmons LLC. Rexam has 23,000 workers worldwide, including more than 3,000 in the United States.

The Home & Personal Care division, based in North Versailles, Pa., is overseen by Mike Farrell, the former president of Precise.

Rexam (NASDAQ:REXMY) has two plants in Poland that are used by its glass-making unit.

Source:pittsburgh.bizjournals.com