Deal helps packaging molder RPC make splash in US market

PRW

Published: January 7, 2014 11:41 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging, Blow Molding, Injection 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

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Quality Vision buys ShapeGrabber

April 23, 2014 10:19 am ET

Quality Vision International Inc. of Rochester, N.Y., has purchased ShapeGrabber Inc., a maker of automated three-dimensional scanners, in a deal...    More

Image

Pregis Corp. to get new owner

April 22, 2014 11:44 am ET

The private equity owner of Pregis Corp. is selling off its North American operations for an undisclosed sum.    More

Image

German electronics firm expanding in Hungary

April 22, 2014 9:46 am ET

German electronics manufacturer Provertha GmbH has announced plans to set up a new plastic galvanizing plant at the Kapuvár Industrial Park, in northw...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 – North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events