Following all required anti-trust clearances, RPC (Rushden / UK; www.rpc-group.com) on 24 February announced that it has completed its acquisition of rigid plastic producer Promens (Reykjavik / Iceland; www.promens.com) for EUR 386m – for previous coverage, see Plasteurope.com of 28.11.2014. The takeover creates a new group with turnover of more than EUR 2 bn, which operates more than 90 facilities worldwide and has an overall workforce of about 15,000.

Commenting on the purchase, RPC chief executive Pim Vervaat said, “The combination of RPC and Promens will create an enhanced platform of scale across our core European end markets enabling us to deliver superior value for our customers and shareholders in the future.” This sentiment was echoed by Promens CEO Jakob Sigurdsson who said, “The combination of RPC and Promens will be a very powerful one which will undoubtedly deliver tremendous value for our customers through the enlarged group's enhanced product, technology and geographic reach, together with the interaction of our respective employees in sharing best practice with their vast experience in the plastics industry.”