England's RPC Group buys Helioplast

PRW

Published: January 8, 2014 9:23 pm ET
Updated: January 8, 2014 9:25 pm ET

Related to this story

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

RPC Group plc, Europe's No. 2 molder of rigid plastic packaging, has bought Helioplast d.o.o., an injection molder involved in similar activities and based in Bosnia and Herzegovina.

RPC acquired Helioplast from its management for approximately 8.4 million pounds ($13 million), with funds sourced from existing debt facilities.

Part of the consideration will be in the form of an up-front payment, followed by a series of deferred payments over the coming three years.

Helioplast, which has around 80 staff, has annual sales of around £7 million and in 2012 generated earnings before interest, tax, depreciation and amortization of approximately £1.4 million.

Beccles, England-based RPC, which a spokesman said had sales activities in the region but no direct manufacturing, believed Helioplast would be a good strategic fit with its Superfos business.

It would extend the geographical reach of its Superfos cluster into the Balkans, provide a strongly managed manufacturing platform and result in synergies the benefits of which would be felt in the first full year of ownership, the group said.

Pim Vervaat, RPC's chief executive, said: "Helioplast occupies a leading position in its home markets and is a strong complementary fit with the Superfos cluster."

Suad Helić, Helioplast's managing director and one of the selling shareholders, is to stay on as head of the new business "with support from the RPC Superfos cluster," the group said.


Comments

England's RPC Group buys Helioplast

PRW

Published: January 8, 2014 9:23 pm ET
Updated: January 8, 2014 9:25 pm ET

Post Your Comments


Back to story


More stories

Spain's ITC Packaging acquires Coveris rigids plant

July 31, 2014 9:59 am ET

International packaging group Coveris Holdings has sold its Spanish business Coveris Rigid Spain, including an injection molding plant, to the...    More

PSB Industries acquires plastic closures specialist

July 31, 2014 3:47 pm ET

French packaging manufacturer PSB Industries has signed an agreement to acquire C+N Packaging Inc., which specializes in plastic closures for...    More

Private equity firm buys majority share of truck accessory maker

July 31, 2014 10:30 am ET

A majority share of Ann Arbor, Mich.-based truck accessory manufacturer Tectum Holdings Inc. has been acquired by Boston-based private equity firm TA ...    More

Image

New technology molds plastic with consumable liquid

July 31, 2014 9:40 am ET

A new blow molding and filling technology called LiquiForm has been announced that uses pressurized consumable liquid instead of compressed air to...    More

Image

Impact-resistant window maker buys competitor for $111 million

July 31, 2014 3:07 pm ET

PGT Inc. is acquiring CGI Windows & Doors Holdings Inc. for $111 million as part of a plan to grow strategically by buying businesses with complimenta...    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

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

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

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

More Events