The UK-based firm’s acquisition of the Superfos will provide it with pan-European reach and push its annual turnover towards the ₤1bn mark.
“The Acquisition represents an excellent opportunity to strengthen RPC's capability and competitiveness in the open top filled injection moulded plastic packaging market, benefit from an enhanced product and technology range, increase its customer base and geographic coverage, generate efficiency savings, enhance its purchasing position and gain access to higher growth markets”, said a RPC statement.
The deal, would also give it “exposure to new and innovative products including thin-walled injection moulded packaging and newly developed oxygen barrier products”, the UK giant said when it announced on 16 December.
It forecasted the Superfos buyout could add at least ₤10m annually to its balance sheet by 2014.
Superfos, headquartered in Taastrup, Denmark, has over 1,300 employees at nine facilities across the Nordic region, France, Poland, Spain, Belgium and the UK. It converts around 100,000 tonnes of polymer per annum and, in 2009, generated EBITDA before non-recurring items of €52.3m on sales of €294.5m.
Ron Marsh, RPC chief executive, said: "We are delighted to have completed the acquisition of Superfos and look forward to welcoming Superfos' employees into the RPC Group"