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

Image

Large part molder EnviroTech in 'growth mode,' adds space, equipment

November 26, 2014 9:54 am ET

Salt Lake City-based EnviroTech Molded Products Inc. is adding new equipment and expanding its factory as it gains business in some of its...    More

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Irish packaging group Smurfit Kappa opens film plant in Spain

November 26, 2014 6:00 am ET

Global packaging group Smurfit Kappa Group plc has responded to growing demand for its bag-in-box liquid container/dispensers by opening a new plant...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013, an...    More

Market Reports

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

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 billion 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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events