Acquisition of UK competitor RPC wrapped up / Business restructured into four divisions
Packaging group Berry Global (Evansville, Indiana / USA; has announced the completion of its takeover of RPC (Rushden / UK; This spells the end of the bidding rivalry for that took place in spring 2019 (see of 12.03.2019) where the former highest bidder was investment firm Apollo Global Management (New York, New York / USA;

The purchase price is approximately USD 6.5 bn (EUR 5.73 bn) – including around USD 4.3 bn of cash paid for the equity interest in RPC and USD 2.2 bn of net debt and estimated transaction expenses. The transaction is subject to closing adjustments.

The combined companies will comprise over 290 locations worldwide across six continents. The pro forma combined business will have more than 48,000 employees and generate sales of approximately USD 13 bn. Thomas Salmon, Berry Global CEO, said the US packaging company expects around USD 150m in annual synergies.
Consumer Packaging to be split in two
Linked to the acquisition, Berry also announced a restructure of its businesses. The structure will now be made up of four divisions:
  • Consumer Packaging – International,
  • Consumer Packaging – North America,
  • Engineered Materials
  • Health, Hygiene, and Specialties
The previous structure had three divisions, with Consumer Packaging now being split into two. Effective immediately, Jean-Marc Galvez has been appointed president of Consumer Packaging – International and Bill Norman is president of Consumer Packaging – North America. Galvez joined Berry in 2011 and was previously president of the Consumer Packaging division since January 2017. Norman was recently Berry’s executive VP of Consumer Packaging Commercial Operations, after having served as executive VP and general manager of Consumer Packaging Food since 2016.
03.07.2019 [242843-0]
Published on 03.07.2019
Berry Global: Verpackungskonzern schließt Übernahme von RPC abGerman version of this article...

© 2001-2021  |  Imprint  |  Privacy  |  Cookie settings 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
© 2001-2021 by, Bad Homburg
Date of print: 27.09.2021 06:57:38   (Ref: 153957641)
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: