08.30.19
Berry Global Group, Inc. has announced the completion of its acquisition of RPC Group for a purchase price of approximately $6.5 billion, which includes approximately $4.3 billion of cash paid for the equity interest in RPC and $2.2 billion of net debt and estimated transaction related costs, subject to closing adjustments. The combination of Berry and RPC creates one of the world’s largest plastic packaging companies.
According to Berry, its combined global footprint will consist of over 290 locations worldwide, including locations in North and South America, Europe, Asia, Africa and Australia. The pro forma combined business will employ over 48,000 people across six continents with sales of approximately $13 billion based on the latest published financial statements of Berry and RPC.
“We are very excited to move forward together as a global plastic and recycled packaging industry leader, serving thousands of customers with our high-quality, innovative, and protective solutions along with the industry’s most diversified and expansive manufacturing footprint,” said Tom Salmon, chairman and CEO of Berry. “The acquisition of RPC will give us the opportunity to leverage our combined know-how in innovative material science, product development, and manufacturing technologies to create significant value for our shareholders. Through this shared approach, we anticipate approximately $150 million in annual synergies.”
More info: BeautyPackaging.com
According to Berry, its combined global footprint will consist of over 290 locations worldwide, including locations in North and South America, Europe, Asia, Africa and Australia. The pro forma combined business will employ over 48,000 people across six continents with sales of approximately $13 billion based on the latest published financial statements of Berry and RPC.
“We are very excited to move forward together as a global plastic and recycled packaging industry leader, serving thousands of customers with our high-quality, innovative, and protective solutions along with the industry’s most diversified and expansive manufacturing footprint,” said Tom Salmon, chairman and CEO of Berry. “The acquisition of RPC will give us the opportunity to leverage our combined know-how in innovative material science, product development, and manufacturing technologies to create significant value for our shareholders. Through this shared approach, we anticipate approximately $150 million in annual synergies.”
More info: BeautyPackaging.com
