Jan 19 2011
RPC Group Plc ("RPC") has entered into an agreement to acquire the entire issued share capital of Superfos Industries a/s ("Superfos”).
Completion, which is conditional on certain regulatory clearances, is expected in early February.
Superfos is one of the European industry leaders in the manufacture of injection moulded, standard-range rigid plastic packaging, serving a wide population of customers in food and non-food markets, with nine production facilities across the Nordic region, France, Poland, Spain, Belgium and the UK. Key products include small pots, predominantly for food applications, and pails for food and non-food applications across consumer and industrial segments.
The combination of RPC and Superfos will bring together what the directors consider to be RPC's and Superfos' key strengths, combining, for example, the innovative product design and development of RPC with the cutting edge technology and award winning innovative products of Superfos.
The enlarged group will have a wider geographical reach and it will be able to provide a broader range of products in existing RPC geographies, whilst increasing the combined business footprint. Furthermore, the enlarged group will be able to benefit from an expanded and enhanced product range and a wider customer base, which the board anticipates will offer cross selling opportunities across the main geographies.