RPC Group

RPC Group
Public (LSE: RPC)
Industry Plastic Products (Packaging & Non-Packaging)
Founded 1988 as Reedpack Containers
1991 as RPC Containers
Headquarters Rushden, Northamptonshire
Key people

Jamie Pike, Chairman

Pim Vervaat, Chief Executive
Revenue £2,747.2 million (2017)[1]
£308.2 million (2017)[1]
£132.0 million (2017)[1]
Number of employees
 20,129 (2017)[1]
Website www.rpc-group.com

RPC Group plc (LSE: RPC) is 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.

History

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] As of June 2017, Pim Vervaat served as chief executive. Since December 2015, RPC had completed 11 acquisitions.[10]

Operations

The company makes a wide variety of plastic food-packaging products including Heinz Tomato Ketchup and Nivea suncream bottles.[6]

References

  1. 1 2 3 4 "Annual Report 2017" (PDF). RPC Group. Retrieved 29 March 2018.
  2. ↑ "Amcor leads Europe's Plastics Packaging Industry". Retrieved 22 December 2014.
  3. 1 2 "RPC Group". Reference for business. Retrieved 23 April 2017.
  4. 1 2 3 RPC Group Marketing Services. "RPC Company History". rpc-group.com. Retrieved 3 April 2015.
  5. ↑ "RPC Group spends $36 million on WIKO". Plastics News. 31 July 2000. Retrieved 23 April 2017.
  6. 1 2 "Questor share tip: RPC's acquisition looks good". Daily Telegraph. 17 December 2010. Retrieved 23 April 2017.
  7. ↑ "RPC acquires plastics group M&H in £100m deal". Packaging News. 17 December 2013. Retrieved 22 December 2014.
  8. ↑ "RPC buys China's Ace Corp. in Asia push". Plastics News. 1 May 2014. Retrieved 22 December 2014.
  9. ↑ "RPC Group buys Promens in a €386m deal". Print Week. 1 December 2014. Retrieved 23 April 2017.
  10. 1 2 Pooler, Michael; Megaw, Nicholas. "Shares drop at plastic packaging maker RPC". Financial Times. United Kingdom. Retrieved June 9, 2017.
  11. ↑ "RPC to buy bottle-tops maker Global Closure Systems". FT. 14 December 2015. Retrieved 23 April 2017.
  12. ↑ "RPC buys British Polythene Industries in £261m deal". FT. 9 June 2016. Retrieved 23 April 2017.
  13. ↑ "Britain's RPC Group to buy U.S.-based Letica for up to $640 million". Reuters. 9 February 2017. Retrieved 23 April 2017.
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