Wiki6 Jun 2018 12:32
RPC Group plc (LSE: RPC) is a packaging business based in the United Kingdom, and is one of Europe's largest supplier of plastic packaging.[2] Its headquarters are in Rushden in Northamptonshire. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Origins and growth
The company's origins lie in a plastic packaging production unit at Oakham established by a Danish group, Superfos, in 1973.[3] The plant was acquired by Reed International in 1983 and was the subject of a management buyout as Reedpack Containers in 1988, but was then bought by Svenska Cellulosa Aktiebolaget in 1990.[3] The business was then the subject of a management buyout from Svenska Cellulosa Aktiebolaget in 1991.[4] It was first listed on the London Stock Exchange in 1993.[4] It went on to buy Continental Plastics Europe, with 12 sites across Europe, in 1997[4] and Wiko, an injection moulding business based in Germany, in July 2000.[5] In December 2010 it bought Superfos Industries, its former parent, for about �240 million (�203 million).[6]
Acquisitions
In December 2013 the company acquired Maynard & Harris Plastics, a manufacturer of rigid plastic packaging, for �103.5 million[7] and in May 2014 it bought Ace Corporation Holdings, a Chinese injection moulder, for up to $430 million.[8] It then bought Promens, with 50 plants internationally, in a �386 million (�306 million) deal in December 2014.[9]
For 2016, the company earned �2.75 billion, a two-thirds jump in revenue from the year before after a series of acquisitions. Among those acquisitions were the bottle-top maker GCS in France and British Polythene Industries.[10] In March 2016 the company bought French bottle-top maker Global Closure Systems for �650 million (�468.7 million) to strengthen its position in Europe's plastic packaging market[11] and in August 2016 the company bought British Polythene Industries for �261 million.[12] It went on to buy Letica, an American business, for $640 million in February 2017.[13]
The company makes a wide variety of plastic food-packaging products including Heinz Tomato Ketchup and Nivea suncream bottles
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