UK-based plastic packaging firm RPC Group has agreed to acquire German industrial packaging solutions provider Nordfolien in a deal valued at €75 million.

With two operating facilities in Germany and Poland, Nordfolien designs and manufactures polythene films for both industrial and consumer packaging markets.

“The acquisition will significantly enhance our growth platform in flexibles whilst adding further innovation capability in an attractive market segment.”

RPC Group said that the move is in line with the company’s plan to grow its flexibles platform and comes after the acquisition of BPI Group.

RPC Group chief executive Pim Vervaat said: “The acquisition will significantly enhance our growth platform in flexibles whilst adding further innovation capability in an attractive market segment.

“Participation in the ongoing consolidation of the European plastic packaging industry remains a core part of RPC’s strategy, and through our focus on innovation, sustainability and operating in attractive end markets, we remain confident in continuing to grow organically through the cycle ahead of GDP.”

Other than boosting bpi’s market positions in Europe, the deal is expected to provide access to other markets, including Eastern Europe.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The closure of the transaction is conditional upon the receipt of approvals from the Polish and German competition authorities, and is scheduled to take place in the first half of the financial year ending March 2019.