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 Packaging, Mergers & Acquisitions, Injection Molding, Blow 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

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

Gerresheimer opens first development center in China

October 24, 2014 1:34 pm ET

Medical molder Gerresheimer AG has launched a development center for medical plastic systems in Dongguan, China.    More

Image

SRG opens second China auto parts factory

October 24, 2014 11:25 am ET

U.S. automotive supplier SRG Global Inc. said Oct. 23 it is opening its second plant in China, an injection molding, plating and painting facility in ...    More

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    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