REX.L Share News (REX)

Beverage cans producer Rexam has completed an investment in Envases Del Istmo SA (Endelis), a single line beverage can plant in Colón, Panama.Under the deal, which was carried out in partnership with Envases Universales de Mexico (EUM), Rexam will now have access to long-term supply agreements with SABMiller and Florida Ice & Farm Company SA, whose affiliates previously owned the Endelis business."We are pleased to have jointly acquired the Endelis business in Panama and expanded our relationship with EUM," said group chief executive Graham Chipchase."It is fully in line with our emerging markets strategy and complements our existing Central America footprint. The transaction positions us well to serve both our local and global customers in an exciting growth region."