- June 06, 2002, PRESS RELEASE
SOUTH HADLEY, MA, USA—Rexam Image Products, soon-to-be the former Rexam PLC precision coating business unit, reports its planned purchase by Sun Capital Partners, Inc., a private investment firm based in Boca Raton, FL. "Subject to regulatory clearance," says Rexam Image, "the division will join a portfolio of some 30 diverse companies, with a combined sales in excess of $2 billion (US) owned by [the firm]."
Says Robert W. Champigny, Image Products president, "After a long search for a suitable buyer, I'm very pleased with the planned acquisition by Sun Capital. Their team offers us great value in the areas of financial and business expertise."
According to Rexam Image Products, it will continue to pursue opportunities to differentiate itself via its research, development, and training expertise. The acquisition includes the division's six manufacturing facilities in the US and the U.K., in addition to its sales and marketing offices and distribution locations in Australia, Europe, North America, and South America. The company has approximately 800 employees worldwide.
More information is available about the company at rexamimageproducts.com.