RPC
UK plastic packaging group to be sold to investment firm Apollo / Deal worth EUR 3.8 bn
US private equity firm Apollo Global Management (New York, New York; www.agm.com) is to take over plastic packaging giant RPC (Rushden / UK; www.rpc-group.com) in a GBP 3.3 bn (EUR 3.8 bn) transaction. According to RPC chairman Jamie Pike, "The board believes that the offer of GBP 7.82 per share is a good outcome for shareholders and intends to recommend unanimously that they accept this offer." Apollo is no newcomer to plastics, having a hand in Berry Plastics, Hexion, Momentive and Airopack – see Plasteurope.com of 22.01.2019 – among others.

The UK packaging group said in autumn 2018 that a takeover offer could be made by Apollo or Bain Capital (Boston, Massachusetts / USA; www.baincapital.com) at the start of October 2018. RPC ended takeover talks with Bain in December 2018 – see Plasteurope.com of 03.12.2018.

For fiscal 2017/2018 (ending 31 March), RPC generated revenue of GBP 3.75 bn and an EBITDA of GBP 355m. Growth was driven by acquisitions, including Nordfolien (Steinfeld / Germany; www.nordfolien.com), a PE film producer – see Plasteurope.com of 14.03.2018. RPC has seen its share price declining for some time, with one reason being the uncertainty surrounding Brexit.
23.01.2019 Plasteurope.com [241611-0]
Published on 23.01.2019
RPC: Apollo bietet 3,8 Mrd EUR für VerpackungskonzernGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 18.08.2019 10:44:48   (Ref: 92886908)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp