UPDATED: The buying spree continues, and this time RPC Group plc is bulking up in the United States with a deal for Letica Corp.
A deal valued at up to $640 million adds 13 plants that make rigid plastic packaging and foodservice products and 1,750 employees. They will join five existing RPC facilities in the United States.
RPC has now made deals for six companies just since the end of September.
Letica, based in Rochester, Mich., helps propel RPC deeper in to the United States as CEO Pim Vervaat continues to push the company's growth strategy outside of Europe.
It was less than three years ago that Vervaat sat in a small conference room at the company's manufacturing site in Morgantown, a small town in eastern Pennsylvania, and shared some of his vision for RPC's growth in the United States.
“We're not in it to become the biggest packaging company in the world. We're not in it to become the biggest packaging company in the U.S. But we do have certain capabilities where we can follow our customers sensibly into the U.S.,” he said at the time.