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02-27-2015

RPC Finalizes the Acquisition of Promens Group

RPC Group plc, supplier of rigid plastics packaging, has announced the completion of the acquisition of Promens Group AS, Kopavogur, Iceland, following receipt of all required anti-trust clearances.

Promens is a global plastics manufacturer operating 41 manufacturing facilities in Europe, North America, Asia and Africa. The company manufactures a wide range of products, including packaging for food, cosmetics, chemicals and pharmaceuticals and serves multiple industries such as food processing, chemical and medical industries, as well as the automotive, heavy machinery and electronic industries.

The new combined group will have a turnover in excess of EUR 2 billion, operate from more than 90 facilities worldwide and employ circa 15,000 people. RPC says the enlarged group will be able to serve its customers better by extending the respective product ranges and geographical spread and by offering new technologies.

"We are pleased to have completed the acquisition of Promens and look forward to welcoming our new colleagues into the RPC Group,” commented Pim Vervaat, RPC’s Chief Executive. Jakob Sigurdsson, President & Chief Executive Officer of Promens, commented: "The combination of RPC and Promens will be a very powerful one which will undoubtedly deliver tremendous value for our customers through the enlarged Group's enhanced product, technology and geographic reach, together with the interaction of our respective employees in sharing best practice with their vast experience in the plastics industry."

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