Deal helps packaging molder RPC make splash in US market

PRW

Published: January 7, 2014 11:41 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Injection Molding, Blow Molding

RPC Group plc has snapped up rival rigid plastic packaging firm Maynard & Harris Group Ltd. in a deal valued at 103.5 million pounds ($169.8 million).

RPC is a major player in Europe — the company ranked No. 2 on European Plastics News' list of rigid packaging manufacturers. But while M&H also is based in England, this deal is focused on giving RPC more geographical diversity.

"M&H's growing business in the U.S. offers [RPC] a stronger platform from which to invest in profitable growth going forward," RPC chief executive Pim Vervaat said in a news release.

"The acquisition of M&H represents an important step in realizing RPC's strategy of selective consolidation in Europe and the creation of a meaningful presence outside of Europe."

RPC said it had funded the acquisition entirely from its existing debt facilities.

M&H, which has some 700 employees, sells packaging to the personal care, healthcare and food markets across Europe and the United States. Its principal manufacturing site in Europe is in Beccles, England, and its U.S. operation is in Winchester, Va.

David Duffield, chief executive of M&H, said in a news release that within RPC, M&H will be able to "take full advantage of the opportunities for growth that exist in Europe and North America."


Comments

Deal helps packaging molder RPC make splash in US market

PRW

Published: January 7, 2014 11:41 am ET

Post Your Comments


Back to story


More stories

Image

Atkore expands in PVC conduit, buying American Pipe & Plastics

October 20, 2014 6:06 pm ET

Atkore International Inc. of Harvey, Ill., has acquired PVC conduit maker American Pipe & Plastics Inc. of Kirkwood, N.Y., which serves the...    More

Image

Report: Suspected former Nazi with plastic connection collecting Social Security

October 20, 2014 3:52 pm ET

AKRON, OHIO — A one-time plastics executive in Akron is among dozens of suspected former Nazis who have been collecting U.S. Social Security...    More

Molder expands in France with new clean room

October 20, 2014 1:30 pm ET

Global Closure Systems (GCS), a global injection molding producer, showed off its new ISO 7 clean room at its Astra Plastique factory in France...    More

Molder goes to auction block

October 17, 2014 12:17 pm ET

An Illinois custom injection molding operation will be auctioned off after its owner decided to close the business.    More

Image

Plastikon expanding in Kentucky

October 17, 2014 11:24 am ET

Automotive supplier Plastikon Industries Inc. plans to more than double the size of its production facility in Leitchfield, Ky.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events