Consumer packaging company Rexam to sell personal care business
LONDON — Rexam, a global consumer packaging company, is looking to shed its personal care business for $709 million in cash.
The business is being sold in two parts: the cosmetics, toiletries and household care products business, and the High Barrier Food packaging business. An affiliate of Sun Capital Partners, a private equity firm, has made a binding offer for the cosmetics, toiletries and household care products business for $459 million in cash. A subsidiary of Silgan Holdings, a U.S.-based supplier of packaging for consumer goods products, has agreed to acquire the High Barrier Food packaging business for $250 million in cash.
The transactions are expected to complete in third quarter 2012 for HBF and fourth quarter 2012 for CTH, and are conditional on certain regulatory approvals.
In total, the personal care business employs some 7,000 people in Europe, the United States and Asia.
The personal care division is a supplier of packaging solutions, including fragrance pumps, lotion pumps, lipstick packaging and makeup cases. The Rexam personal care division’s customers include such brands as Procter & Gamble, L’Oréal, YSL, LVMH, Unilever and others throughout the Americas, Europe and Asia.
NACDS Marketplace exhibitors donate consumer products to Denver-area nonprofits
ALEXANDRIA, Va. — The National Association of Chain Drug Stores announced on Tuesday the donation of 9,500 lbs. of consumer goods to be dispersed to various charitable organizations throughout the Denver area, following the completion of the recent NACDS Marketplace Conference.
NACDS Marketplace exhibitors donated leftover products ranging from cosmetics, health and hygiene products, food and beverages and household supplies, to other consumer products available in retail pharmacies.
Working with the Colorado Convention Center and United Way, NACDS donated the consumer products to several charitable organizations to be dispersed to those in need in the Denver area. The nonprofit charitable organizations accepting the donations are:
Florence Crittenton School — Provides education, career guidance and parenting skills to help teen parents raise healthy families and become self-sufficient members of the community;
Urban Peak — Helps homeless youth and youth at risk of becoming homeless overcome real-life challenges by providing essential services and a supportive community, empowering them to become self-sufficient adults;
St. Francis Center — Assists men and women who are homeless, providing shelter and other services that enable them to meet their basic needs for daily survival and to transition out of homelessness;
Senior Support Services — Provides resources and support for senior citizens who are homeless, offering meals, access to medical care and counseling, and support services to help them lead more self-sufficient and fulfilling lives.
"We cannot thank NACDS’ associate members enough for their generosity in donating consumer products at the conclusion of the Marketplace Conference," stated NACDS president and CEO Steve Anderson. "During these challenging economic times, these products will help many of those in need in the Denver community. We appreciate the work of the Colorado Convention Center and United Way in helping to ensure that Denver’s most vulnerable citizens receive these products to care for themselves and their families."
“What a wonderful contribution the National Association of Chain Drug Stores made to our community,” added Richard Scharf, president and CEO of Visit Denver. “Not only did NACDS bring $6.6 million to Denver’s economy as a result of the Marketplace Conference, but they also donated a wide range of health and hygiene products, food and beverages and household supplies to some of our citizens most in need. That was a beautiful gesture, and on behalf of Denver’s tourism industry and our 50,000 employees, we would like to thank NACDS for all they did for Denver.”
FDA approves OTC HIV test
SILVER SPRING, Md. — The Food and Drug Administration has approved over-the-counter sales of a test for the virus that causes AIDS, the agency said Tuesday.
The FDA announced the approval of the OraQuick In-Home HIV Test, calling it the first OTC, self-administered HIV test kit that detects the presence of antibodies to HIV, including the HIV-1 and HIV-2 strains.
People can use the test to collect an oral fluid sample by swabbing their upper and lower gums and then placing the sample into a developer vial. Test results appear in 20 to 40 minutes. The agency said, however, that a positive test does not necessarily mean a person has become infected; nor does a negative result mean a person is not infected if the infection has occurred within the past three months. According to clinical trials, 99.98% of test results will be negative when HIV is not present, meaning that one false positive would be expected out of every 5,000 test results in uninfected people.
"Knowing your status is an important factor in the effort to prevent the spread of HIV," FDA Center for Biologics Evaluation and Research director Karen Midthun said. "The availability of a home-use HIV test kit provides another option for individuals to get tested so that they can seek medical care, if appropriate."